India-New Zealand FTA: No tariff on Indian exports from Oct 20; Textile, pharma, leather exports to gain market access
The India-New Zealand Free Trade Agreement (FTA) takes effect on October 20, eliminating import duties up to 10% on various Indian exports. This includes textiles, pharmaceuticals, and leather, enhancing competitiveness in the New Zealand market. The agreement aims to boost India's trade surplus with New Zealand, which reached USD 1.3 billion in 2024-25, up 49% year-over-year.