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New Zealand Prime Minister Christopher Luxon has said that the Free Trade Agreement with India will boost exports and open doors for farmers, growers, and businesses.
India and New Zealand have recently finalised the FTA, expected to take effect in seven to eight months. The deal aims to enhance market access and promote investment flows, including a FDI commitment of USD 20 billion over a period of 15 years.
Also Read: India–New Zealand FTA to boost cross-border digital payments and financial services
"We have concluded a Free Trade Agreement with India. This will open doors for New Zealand farmers, growers, and businesses – boosting exports, creating jobs, and lifting incomes to help all Kiwis get ahead,” Luxon said in a post on social media on Tuesday.
Prime Minister Narendra Modi and Luxon held a telephone conversation last month before announcing the successful conclusion of the trade deal.
This is India’s third such free-trade agreement in months, following a similar pact with the UK in July and another with Oman in December, which will give India more temporary employment visas, easier access for pharmaceuticals and medical devices.
Describing the FTA as a "landmark deal” with the world’s fastest-growing big economy, Luxon said it would create opportunities for jobs, exports and growth for all New Zealanders.
Noting that the engagement with India was "intensive”, he said that his government has worked extremely hard to prioritise and invest in a relationship with India, since day one.
The result of this engagement is a "high-quality” trade agreement, he said in a video posted on his social media handle.
Also Read: Rupee-Rouble trade stuck over sanction fears; India pushes FTA talks with Russia-led EAEU
Describing India as a "trusted partner”, he said the trade deal will deliver deep and lasting benefits for New Zealand.
Negotiations for a trade deal initiated during Luxon’s visit to India in March 2025, the two leaders agreed on the conclusion of the FTA.
The pact would help Indian exporters, reeling under the impact of 50 per cent tariffs imposed by the Trump administration on Indian goods, diversify shipments in the Oceania region.
India and New Zealand have recently finalised the FTA, expected to take effect in seven to eight months. The deal aims to enhance market access and promote investment flows, including a FDI commitment of USD 20 billion over a period of 15 years.
Also Read: India–New Zealand FTA to boost cross-border digital payments and financial services
"We have concluded a Free Trade Agreement with India. This will open doors for New Zealand farmers, growers, and businesses – boosting exports, creating jobs, and lifting incomes to help all Kiwis get ahead,” Luxon said in a post on social media on Tuesday.
Prime Minister Narendra Modi and Luxon held a telephone conversation last month before announcing the successful conclusion of the trade deal.
This is India’s third such free-trade agreement in months, following a similar pact with the UK in July and another with Oman in December, which will give India more temporary employment visas, easier access for pharmaceuticals and medical devices.
Describing the FTA as a "landmark deal” with the world’s fastest-growing big economy, Luxon said it would create opportunities for jobs, exports and growth for all New Zealanders.
Noting that the engagement with India was "intensive”, he said that his government has worked extremely hard to prioritise and invest in a relationship with India, since day one.
The result of this engagement is a "high-quality” trade agreement, he said in a video posted on his social media handle.
Also Read: Rupee-Rouble trade stuck over sanction fears; India pushes FTA talks with Russia-led EAEU
Describing India as a "trusted partner”, he said the trade deal will deliver deep and lasting benefits for New Zealand.
Negotiations for a trade deal initiated during Luxon’s visit to India in March 2025, the two leaders agreed on the conclusion of the FTA.
The pact would help Indian exporters, reeling under the impact of 50 per cent tariffs imposed by the Trump administration on Indian goods, diversify shipments in the Oceania region.
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