New Zealand-India Free Trade Agreement Passes First Reading Boosting Exports

Legislation for the New Zealand–India Free Trade Agreement (FTA) has passed its first reading, aiming to reduce or eliminate tariffs on 95% of New Zealand exports to India, unlocking significant market opportunities. India’s rapidly growing economy presents major potential for New Zealand businesses, with 57% of exports becoming tariff-free immediately and protections secured for key sectors like wine and services. The Bill will undergo public consultation before expected ratification later this year, supporting the government’s goal to double export value by 2034.