New Delhi, Dec. 22 -- India and New Zealand have concluded a Free Trade Agreement (FTA), marking a significant economic and strategic development in India's engagement with the Indo-Pacific region.

The agreement ranks among India's fastest-concluded FTAs. Negotiations were formally launched on 16 March 2025 following discussions between Commerce and Industry Minister Piyush Goyal and New Zealand's Minister for Trade and Investment Todd McClay.

The agreement was finalised after five formal negotiation rounds, supported by several in-person and virtual intersessional meetings.

Trade Liberalisation and Market Access

Under the agreement, New Zealand will eliminate tariffs on 100 per cent of its tariff lines, providing duty-free access for...