India-New Zealand FTA: What each side stands to gain

The agreement is expected to benefit Indian farmers, MSMEs, artisans, youth and women-led enterprises. AI image Under the pact, 100% of India’s exports will enjoy zero-duty access to the New Zealand market, with tariffs eliminated across 8,284 lines, strengthening India’s trade competitiveness and export potential. ET takes a look at the gains for both sides: 7th FTA since 2021 India’s gains: New Zealand to invest $20 billion over 15 years Manufacturing, services, job creation focus Boost for farmers Access to advanced agri-tech Higher productivity, quality Agriculture & food processing: Zero-duty access across 1,379 tariff lines Higher exports Improved farm incomes Targeted action plan for kiwifruit, apples & honey Cooperation on food safety standards & supply chains Key beneficiary sectors Zero-duty access for India’s labour-intensive sectors, including: Textiles Leather Gems & jewellery Engineering goods Processed foods Global mobility expansion New annexes on mobility provisions Better job opportunities for Indian students Pathways for working holiday visas, post-study work visas Smooth temporary employment visas for skilled Indian professionals Pharma and Medical devices Fast-track approvals Recognition of US, EU, UK & Canadian inspections Zero-duty access, strengthening India’s role as a supplier of affordable medicines AYUSH, Wellness Cooperation in AYUSH systems Support for research & capacity building Services sector MFN status boosts IT, fintech Growth in IT-ITeS, finance, education Deeper value-chain integration Trade winds Side letters Wine, GI working groups Comparable regulators under Annex on pharma, medical Consultations related to dairy sector in review of FTA MRA in organics (You can now subscribe to our

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