India-NZ FTA in force: Over half of New Zealand’s exports to India now

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The Economic Times daily newspaper is available online now. Read Today's Paper India-NZ FTA in force: Over half of New Zealand’s exports to India now tariff-free, Wellington also eyes Brazil, CanadaReutersLast Updated: Oct 21, 2026, 04:19:00 PM ISTSynopsis

New Zealand is working to strengthen trade relations with Brazil and Canada in response to economic uncertainties. The country expects to complete the first New Zealand-Brazil Trade and Investment Dialogue after upcoming elections. A new free trade agreement with India has been implemented, making more than half of exports tariff-free. The agreement will benefit various products, including sheep meat and wool, as well as local businesses.

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Loading...×Wellington: New Zealand said on Tuesday it will work to deepen trade ties with Brazil and Canada to diversify export markets amid global economic uncertainty, as a free trade agreement with India came into force.

The announcements come ahead of New Zealand's closely fought November 7 election, with Trade and Investment Minister Todd McClay presenting the measures as part of a broader target to double the value of exports by 2034. The first New Zealand-Brazil Trade and Investment Dialogue is expected to be scheduled after Brazil's October 25 election runoff and New Zealand's vote.

Also read: India-New Zealand FTA to kick in October 20, opening market opportunities for exporters

From Tuesday more than half of New Zealand's exports to India are tariff-free and this will rise to 82% over time. Tariffs have been removed on products including sheep meat, wool and coal, while apples, kiwifruit and milk albumins will receive preferential quota access. "The gains go well beyond exports. They reach suppliers, local businesses and the towns that depend on them," McClay said.

The statement said New Zealand and Brazil would establish a Trade and Investment Dialogue covering trade, investment, World Trade Organization reform and possible future trade negotiations.

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New Zealand and Canada would create an annual dialogue between senior officials, followed by annual trade-minister meetings.
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( Originally published on Oct 20, 2026 )In Video: India-New Zealand FTA to kick in on Dussehra; duty-free access, $20 bn investment to boost tradeRead More News onIndia free trade agreementNew Zealand trade agreementsCanada trade relationsBrazil trade negotiationsexport market diversificationNew Zealand Brazil Canada
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Read More News onIndia free trade agreementNew Zealand trade agreementsCanada trade relationsBrazil trade negotiationsexport market diversificationNew Zealand Brazil Canada Prime ExclusivesInvestment IdeasStock Report PlusePaperWealth Edition

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