New Zealand and India have formally ratified the India-New Zealand Free Trade Agreement, marking the start of a new chapter in our growing relationship.
Trade and Investment Minister Todd McClay exchanged formal documents with India’s High Commissioner to New Zealand, H.E. Ms Muanpuii Saiawi in Parliament this week, confirming that New Zealand has completed all its necessary domestic procedures.
“The New Zealand-India FTA will level the playing field and unlock access for Kiwi businesses in one of the fastest growing markets in the world,” McClay says.
“As global markets become more uncertain, it has never been more important for New Zealand exporters to diversify, build resilience and pursue new opportunities.
A key outcome for the New Zealand wine sector is the tariffs on wine will be reduced from 150% to either 25or 50% (depending on the value of the wine) over 10 years, plus a Most Favoured Nation (MFN) commitment.
“It is a great result for New Zealand businesses and for 1.4 billion Indian consumers,” says McClay. “Beyond new market access, the deal offers more certainty for our services exporters, for investors, and for Kiwi businesses looking to increase their footprint in India.”
The FTA will enter into force on 20 October 2026.
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