{
  "id": 8382395,
  "title": "India-New Zealand FTA can be a ‘beacon’ for global trade, says minister Todd McClay",
  "url": "https://urgent.news/2026/09/19/india-new-zealand-fta-can-be-a-beacon-for-global-trade-says-minister",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-19T04:47:26.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/foreign-trade/india-new-zealand-fta-can-be-a-beacon-for-global-trade-says-minister-todd-mcclay/articleshow/134347920.cms"
  },
  "original_language": "en",
  "account": "New Zealand Trade and Investment Minister Todd McClay has hailed the India-New Zealand Free Trade Agreement as a model for global trade, stating that it illustrates how trust and predictable regulations can boost business expansion amid trade uncertainties. According to McClay, the agreement, set to commence within a month, will provide Indian exporters with zero-tariff access to the New Zealand market, opening up opportunities in pharmaceuticals, chemicals, machinery, and services. It will also enhance New Zealand's access to India's vast consumer market, particularly in food, services, investment, and other sectors. The two nations aspire to double bilateral trade to NZ$7 billion by 2030, with current two-way trade at NZ$4 billion. McClay emphasized the people-to-people aspect of the agreement, particularly education, and predicted the launch of direct flights between India and New Zealand within a year to boost tourism, business travel, and familial visits.",
  "summary": "The India-New Zealand Free Trade Agreement is expected to begin next month, boosting business growth. Indian exporters will gain zero-tariff access to New Zealand's market from day one. New Zealand anticipates deeper access to India's large consumer market and increased investment. Both nations aim to double bilateral trade to NZ$7 billion by 2030. Direct flights between the countries could…",
  "key_points": [
    "India-New Zealand FTA aims to set global trade standard",
    "Agreement to take effect soon, offering zero-tariff access",
    "Target to double bilateral trade to NZ$7 billion by 2030"
  ],
  "editors_take": "The India-New Zealand Free Trade Agreement sets a precedent for global trade by demonstrating how mutual trust and stable regulations can facilitate business growth and increased access to each other's markets.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}