India-New Zealand FTA: Kiwis' 57% of exports to have zero tariffs, how will it impact Indian economy?
New Zealand PM Christopher Luxon welcomed the proposed India-NZ trade deal ahead of PM Modi's visit, saying 57% of NZ exports to India will be tariff-free from day one. India and NZ resumed FTA talks this year to boost trade in agriculture, tech and services.
WORLDNew Zealand PM Christopher Luxon welcomed the proposed India-NZ trade deal ahead of PM Modi's visit, saying 57% of NZ exports to India will be tariff-free from day one. India and NZ resumed FTA talks this year to boost trade in agriculture, tech and services. Add DNA as a Preferred SourceTRENDING NOWGold, silver prices today, February 8, 2026: Check city-wise rates in Delhi, Mumbai, Chennai, Kolkata and moreBomb threat to 9 Delhi schools, Bomb squad deployedSourav Ganguly slams PCB's India boycott threat, asks 'backing out of a World Cup for what?'Who is Shivam Mishra? Son of Tabacco barron, owns luxury cars worth Rs 60 crore, crashes Lamborgini in Kanpur's posh areaAfter Aishwarya Rai, Abhishek Bachchan, and Salman Khan, Vivek Oberoi's personality rights get protectedUttar Pradesh: Ganga Expressway set to become major economic hub, high-speed rail link, residential zones planned, here's all you need to knowDelhi Coaching Center Flood: 5 Including Owner of Basement Arrested By Police | IAS Coaching TragedyLaughter Chefs 3 fees: Here's how much Krushna Abhishek, Elvish Yadav, Bharti Singh charge per episode, Karan Kundrra, Tejasswi Prakash, Jannat Zubair earnings revealedThe 50: Lion's real identity revealed, he is. . . , fans express their shock and surpriseMassive explosion in biotechnology company at China's Shanxi Province, 8 killed after trapped in Debris; what was the cause?Triple suicide case: Grandfather of Ghaziabad sisters urge government to ban Korean gameDelhi HORROR: Two men, one woman bodies found inside parked car on Peeragarhi flyover; suicide by poisoning suspected; who were the victims?Jeffrey Epstein files: Sex offender allegedly wanted to impregnate women at his ranch, create 'super race' of humansJeffrey Epstein files: New picture show sex offender dining with Elon Musk, Mark ZuckerbergGandiva Missile: Arjuna's Bow Reborn TodayAhead of Prime Minister Narendra Modi's scheduled visit to New Zealand, PM Christopher Luxon on Thursday welcomed the proposed India-New Zealand trade agreement, calling it a major boost for the country's exporters. In a post on X, Luxon said the pact will open new opportunities for New Zealand businesses by cutting tariffs on exports to India. "New Zealand businesses are set to boom with our India Trade Deal. 57% of everything we export to India will be tariff-free from day one," he wrote. New Zealand businesses are set to boom with our India Trade Deal. 57% of everything we export to India will be tariff free from day one. — Christopher Luxon (@chrisluxonmp)July 9, 2026FTA talks resume after long gapPM Modi is expected to visit New Zealand as part of his upcoming overseas engagements. The proposed trade agreement is likely to feature prominently in bilateral discussions. India and New Zealand resumed negotiations for a Free Trade Agreement earlier this year after a long pause. The goal is to strengthen trade and economic ties between the two nations. Focus on agriculture, tech and servicesBoth countries are now looking to expand market access and deepen cooperation across key sectors. Agriculture, technology and services have been identified as priority areas for the new FTA. How will FTA impact India?India-New Zealand FTA eliminates tariffs on all 8,284 tariff lines of India's exports, providing tariff-free access for almost all Indian products. Practically, it may be a zero tariff on all Indian products, with only a few exceptions. This may boost the MSME, IT, electronics, solar energy, textiles, leather and engineering goods sectors. The FTA also commits an investment of about $20 billion over five years. However, India has liberalised its tariff regime for about 70% of the imports coming from New Zealand, which may push products like wool, timber, fruit, and wine. The analysts have apprehension that New Delhi may have to open its farm sector to the Kiwis, and cheap agricultural products may flood the Indian market. Find your daily dose of AllLatest NewsincludingSports News,Entertainment News,Lifestyle News, explainers & more. Stay updated, Stay informed-Follow DNA on WhatsApp.