Global Daily Tax News, New Zealand, India Sign New Free Trade Deal, (Apr 28, 2026)

New Zealand and India signed a new free trade agreement on April 27, 2026, in New Delhi.

New Zealand's Government said the agreement includes commitments to eliminate or reduce tariffs on 95 percent of New Zealand's exports, with tariffs to be eliminated immediately on 57 percent of tariff lines. In total, tariffs will be removed on 82 percent of tariff lines, with tariff cuts for the remaining 13 percent.

Immediately upon the agreement's entry into effect, Indian tariffs will be waived on lamb, wool, coal, leather, and most forestry and industrial products, the New Zealand Government said. In addition, there will be duty-free access for most seafood exports, including mussels and salmon over seven years, and duty-free access on most iron, steel, and scrap aluminum over 10 years or less.

Duty-free access will be guaranteed for most industrial products over five to 10 years, and tariffs will be cut by 50 percent within quotas for many fruits.

Negotiations began in March 2025 and were concluded after nine months of intensive negotiations.