India-New Zealand Trade Ties: PMs Celebrate Historic FTA

Historic Milestone  
Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon announced the comprehensive FTA during a phone conversation, hailing it as a “historic milestone.” The agreement is India’s fastest‑negotiated trade pact with a developed nation, reflecting strong political will on both sides. It also marks India’s first women‑led trade deal, with Commerce Minister Piyush Goyal highlighting its broad‑based benefits for farmers, MSMEs, students, and professionals.  

Major takeaways  
• Negotiations concluded in just nine months, one of India’s quickest FTAs with a developed country  
• Zero‑duty access for all Indian exports; tariff cuts on 95% of New Zealand goods  
• $20 billion investment pledge to strengthen bilateral economic ties  
• Opportunities for farmers, MSMEs, skilled professionals, and women‑led enterprises  
• Expected to double bilateral trade within five years  

Impact  
The FTA positions India as a proactive trade negotiator while opening new avenues for New Zealand exporters. By combining speed, inclusivity, and strategic ambition, the deal strengthens India’s global trade footprint and signals a new era of economic partnership.  

Sources: Republic World, Free Press Journal, ZeeBiz, National Party NZ, Business Scoop, Mirage News