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India, New Zealand FTA to come into force on October 20: Piyush Goyal
Sep-21-2026

In an encouraging move, Commerce and Industry Minister Piyush Goyal has said that the India-New Zealand Free Trade Agreement (FTA) will come into force on Dussehra, which falls on October 20, 2026. New Zealand has committed to invest $20 billion over 15 years in India.

The two countries had on April 27, 2026 signed the FTA to boost two-way commerce in goods and services and promote investments, after concluding negotiations in December 2025. New Zealand’s parliament subsequently passed legislation to give effect to the agreement, while both countries have now completed the necessary ratification procedures.

The FTA provides duty-free access for 100 per cent of India's exports to New Zealand. Currently, New Zealand maintains peak tariffs of up to 10 per cent on key Indian goods, including ceramics, carpets, automobiles, and auto components. 

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