HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
India-New Zealand FTA offers opportunity to Indian exporters, cuts New Zealand’s dependency on China: GTRI
Dec-26-2025

Given the bilateral free trade agreement (FTA) between India-New Zealand, the think tank GTRI has said that Indian exporters in various sectors like agriculture, petroleum, pharma, apparel, electronics and auto have potential not only to scale up shipments to New Zealand but also help the island nation reduce its dependence on China. It noted that New Zealand imported goods worth over $10 billion from China in 2024-25 as against $711 million from India. During the same period New Zealand total imports stood at $50 billion.  

GTRI highlighted that the sectors like processed foods and agri-linked products, petroleum products and industrial chemicals, pharmaceuticals and healthcare, plastics, rubber and consumer goods, textiles and apparel, electronics and electrical equipment, automobiles and transport equipment, aerospace and high-value manufacturing, furniture and lighting, possess potential to increase penetration in the island nation.

Moreover, highlighting opportunity for Indian exporters in bakery products segment, it noted that India is a significant global exporter of bakery products, exporting $602 million worth of goods worldwide and New Zealand imports around $250 million of these goods annually, yet India supplies only $6.5 million compared to $21 million from China. Further, same pattern has been seen in food preparations, where India exports $817 million goods globally, New Zealand imports $455 million, and India's share in New Zealand imports is just $7.7 million. Similar trend visible in refined petroleum products, pharmaceutical products, apparels and auto parts. GTRI noted that pairing the FTA with targeted export promotion, standards cooperation, regulatory facilitation and logistics support, remained challenge for India.

  RELATED NEWS >>