India, New Zealand to Sign Landmark FTA with Duty-Free Access and $20B Investment

Brief by Shorts91 Newsdesk / 04:34am on 27 Apr 2026,Monday India Global

India and New Zealand will sign a free trade agreement to double bilateral trade to $5 billion within five years and boost investment. The pact, to be signed by Piyush Goyal and Todd McClay, offers duty-free access for Indian MSMEs in sectors like textiles, leather, and processed foods, while easing access for pharmaceuticals and temporary employment visas. New Zealand gains tariff reductions on 95% of exports, including meat, wine, and fruits. India has excluded sensitive sectors such as dairy, sugar, and edible oils to protect domestic industries, marking a significant step in economic partnership.

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