India-New Zealand free trade agreement to take effect from Oct 20: Piyush Goyal
The EU agreement is expected to be signed by December, while talks with Canada and Chile are also being accelerated, officials said.
India's Commerce Minister Piyush Goyal announced that the India-New Zealand free trade agreement will commence on October 20, 2026, coinciding with the festival of Vijay Dashami. The agreement, which eliminates duties on all Indian exports to New Zealand, will create a favorable environment for businesses from both nations. New Zealand has pledged to invest $20 billion in India over the next 15 years.
However, some Indian agricultural products such as onions, chickpeas, peas, corn, almonds, artificial honey and sugar have been excluded from the deal. The India-Canada FTA is also expected to be fast-tracked within 90 days.
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