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India-New Zealand FTA Ratified, Taking Effect October 20
India and New Zealand made a trade agreement.
The agreement has now been officially approved by both countries.
It will start on October 20.
New Zealand will stop charging import taxes on all goods from India.
India will remove or lower import taxes on 95% of goods from New Zealand.
The countries completed their required legal steps.
Their officials exchanged documents confirming the approval.
The agreement is intended to strengthen trade, investment, and economic ties.
India and New Zealand have formally ratified their Free Trade Agreement.
The pact will come into force on October 20.
Both countries completed their domestic legal procedures and exchanged diplomatic notes.
New Zealand will remove tariffs on all goods imported from India.
India will eliminate or reduce tariffs on 95% of its imports from New Zealand.
- Who
- India and New Zealand, represented by their governments and officials.
- What
- The countries formally ratified a Free Trade Agreement.
- Where
- The formal documents were exchanged at New Zealand’s Parliament.
- When
- The agreement will come into force on October 20; the ratification documents were exchanged on Monday.
- Why
- The agreement is intended to strengthen trade, investment, and economic ties between India and New Zealand.
Key facts
- Agreement
- India-New Zealand Free Trade Agreement
- Effective date
- October 20
- Signing date
- April 27, 2026
- New Zealand tariff policy
- Tariffs will be removed on all goods imported from India.
- India tariff policy
- Tariffs will be eliminated or reduced on 95% of current imports from New Zealand.
- Ratification process
- Both countries completed their domestic legal processes and exchanged diplomatic notes.
- Officials involved
- New Zealand Trade and Investment Minister Todd McClay and India’s High Commissioner to New Zealand Muanpuii Saiawi exchanged the documents.
Sources
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