By Admin 
India has achieved another major diplomatic success on the global trade front. The joint announcement of the India-New Zealand Free Trade Agreement (FTA) was made during a telephone conversation between Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon. This agreement will not only give a new height to the economic relations between the two countries, but also strengthens India’s alternative global partnerships in the era of America’s protectionist trade policies.
Historic agreement completed in 9 months
Negotiations on FTA between India and New Zealand started in March 2025, when Prime Minister Lakson visited India. The completion of this free trade agreement in a record time of just 9 months reflects the political will and strategic understanding of both the countries.
Target to double business in five years
Both leaders agreed that after the implementation of the FTA, the existing bilateral trade will be doubled in the next five years. This will give new impetus to trade, investment, innovation and supply chain cooperation between India and New Zealand.
20 million dollar investment in India in 15 years
Under this agreement, New Zealand will invest 20 million dollars in India in the next 15 years. This investment will create opportunities in sectors like agriculture, dairy, food processing, education, technology and startups.
India’s seventh biggest FTA, global network strengthened
This agreement with New Zealand is India’s seventh major FTA in the last few years. Earlier, India has made such agreements with Oman, UAE, UK, Australia, Mauritius and EFTA countries (European Free Trade Bloc). This series shows that India is rapidly emerging as a reliable global trade hub.