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The India–New Zealand Free Trade Agreement was officially signed in New Delhi on April 27, 2026. It is pending ratification by both sides. For India, the biggest gain is immediate zero-duty access for 100% of its exports to New Zealand, removing tariff barriers of up to 10% that earlier hit key sectors like Indian textiles, engineering goods, leather products and pharmaceuticals. On the other side, New Zealand has committed to facilitate $ 20 billion in investments into India over the next 15 years. The agreement further covers 118 service sectors and creates a new visa pathway for 5,000 skilled Indian workers. The FTA is projected to help double bilateral trade to $5 billion by 2030 from $1.8 billion currently.