A new business partnership is going to be formed between India and New Zealand. According to media reports, both countries have agreed on Free Trade Agreement (FTA). With this agreement, Indian companies will get lower taxes, easier rules and new markets in New Zealand. Pharma, Textile, Engineering and IT Services sectors are expected to benefit especially. This may increase opportunities for jobs, income and business expansion in the future.

India is diversifying its exports amid US trade tariffs and geopolitical tensions, in which New Zealand has emerged as an important partner. At present the trade between the two countries is $1.3–1.5 billion, which is increasing rapidly.