India, New Zealand sign free trade deal to focus on innovation, investment

India and New Zealand have concluded a landmark Free Trade Agreement (FTA), a move expected to significantly deepen economic ties and boost trade, investment, and cooperation between the two countries.

The agreement, described by both sides as ambitious and mutually beneficial, is expected to enhance market access, promote investment flows, strengthen strategic cooperation, and create new opportunities for businesses, farmers, MSMEs, innovators, students and youth across sectors.

Negotiations for the FTA were initiated during New Zealand Prime Minister Christopher Luxon’s visit to India in March 2025. The deal was finalised in a record nine months, reflecting strong political will and shared ambition to expand bilateral engagement.