India, New Zealand to Sign Free Trade Agreement April 27

India and New Zealand will sign a free trade agreement on Monday, April 27, 2026, in New Delhi at Bharat Mandapam, in the presence of India's Commerce and Industry Minister Piyush Goyal and New Zealand's Minister for Trade and Investment Todd McClay. The pact, concluded after negotiations finalized on December 22, 2024, aims to double bilateral trade to $5 billion within five years and attract $20 billion in New Zealand investments into India over the next 15 years across manufacturing, infrastructure, services, innovation, and job creation.

The agreement provides duty-free market access for Indian companies in New Zealand, while eliminating or reducing tariffs on about 95 percent of New Zealand's exports to India. These include wool, coal, wood, wine, seafood, cherries, avocados, and blueberries. New Zealand will receive duty-free entry for sheep meat, wool, and most forestry products, along with reduced duties on items such as kiwifruit, apples, Manuka honey, infant formula, and certain seafood. However, India has excluded sensitive sectors like dairy, onions, sugar, spices, edible oils, and rubber from tariff concessions to protect domestic farmers and industries....