EconomyFriday, 3 July 2026·The Hindu - Economy
India–New Zealand FTA: 95% tariff cuts and full duty removal on New Zealand goods
India and New Zealand signed an FTA on 27 April 2026, with New Zealand removing all tariffs on Indian goods and India reducing tariffs on 95% of imports from New Zealand.
Key highlights
Direct fact
In April 2026, India and New Zealand signed a Free Trade Agreement in New Delhi, with Commerce Minister Piyush Goyal and New Zealand Commerce Minister Todd McClay announcing tariff changes covering 95% of current imports from New Zealand.
Key specifics
- Signed on 27 April 2026 in New Delhi by Piyush Goyal and Todd McClay.
- New Zealand will remove all tariffs on all goods imported from India.
- India will remove or reduce tariffs on 95% of current imports from New Zealand.
- The agreement was described by both Prime Ministers as a “historic” step.
- The FTA is aimed at trade, investment, and people-to-people ties between the two countries.
Exam lens
Question type: bilateral trade agreement match-the-following, date-place-signatory based MCQ; key facts: New Delhi, 27 April 2026, Piyush Goyal, Todd McClay, 95% tariff coverage. TNPSC may ask which country gives full tariff removal or the percentage of imports covered.