India-New Zealand Free Trade Agreement to Take Effect October 20, Offering Full Duty-Free Access Across All Tariff Lines

The India-New Zealand Free Trade Agreement takes effect on October 20, delivering 100 per cent duty-free market access across all 8,284 tariff lines for Indian exports. The pact aims to double bilateral trade to $5 billion within five years and attract $20 billion in long-term foreign investment into India. Key beneficiaries include food processing, textiles, light engineering, pharmaceuticals, and MSME manufacturing sectors. The Trade Promotion Council of India (TPCI) has committed to supporting exporters through awareness sessions, trade delegations, and buyer-seller meetings.