India FTA now open for business

New Zealand exporters can start using the New Zealand-India Free Trade Agreement from today, with tariffs removed on more than half of New Zealand’s exports to India, Trade and Investment Minister Todd McClay says. “We launched talks in March 2025 and, by working harder and faster, concluded them in just nine months. That’s a record for India on a comprehensive trade agreement, and it’s one of the highest quality deals they’ve signed. Today, just 19 months after we started, it’s in force and working for exporters,” Mr McClay says. From today, almost 57 per cent of New Zealand exports to India are tariff-free. That rises to 82 per cent over time. In total, 95 per cent of current exports will have tariffs removed or cut. Key outcomes from today include: tariffs removed on sheep meat, wool and coal tariffs removed on more than 95 per cent of forestry and wood exports preferential quota access for apples, kiwifruit and milk albumins A second round of tariff cuts follows on 1 January 2027. “Our winemakers have been shut out of India by tariffs of 150 per cent. Those will now come down to 25 or 50 per cent over 10 years and we will also now get the better access negotiated by the EU,” Mr

Cancele cuando quiera · 99 CA$/mes