EconomySunday, 12 July 2026·The Hindu - Economy
India-New Zealand FTA signed in April 2026: tariff cuts on 95% of imports from New Zealand
India and New Zealand signed a Free Trade Agreement on April 27, 2026, with New Zealand removing tariffs on all Indian goods and India reducing tariffs on 95% of imports from New Zealand.
Key highlights
Direct fact
On April 27, 2026, India and New Zealand signed a Free Trade Agreement in New Delhi, with Commerce Minister Piyush Goyal and New Zealand Trade Minister Todd McClay signing the pact.
Key specifics
- The FTA was signed on April 27, 2026, in New Delhi.
- New Zealand agreed to 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 to deepen trade, investment and people-to-people ties.
- The pact was said to be implemented later in 2026.
Exam lens
Question type: Economy and trade agreement facts; key facts: April 27, 2026, New Delhi, Piyush Goyal, Todd McClay, 95% tariff reduction, implementation later in 2026. TNPSC may ask which country gave zero-tariff access to Indian goods under the 2026 FTA.