New Zealand parliament passes India trade deal cutting tariffs on 95% of exports

  • New Zealand’s parliament approved legislation implementing a free trade agreement with India.
  • About 95% of New Zealand exports to India will receive eliminated or reduced tariffs.
  • India must complete ratification before the agreement enters into force.

New Zealand’s parliament passed legislation implementing a free trade agreement with India by 93 votes to 29, with the opposition Labour Party supporting the measure. The deal will eliminate or substantially reduce tariffs on about 95% of New Zealand exports to India, and more than half of covered products will become duty-free immediately when it enters into force. All Indian imports will receive tariff-free access to New Zealand. The countries also agreed that New Zealand will invest $20 billion in India over 15 years. New Zealand has completed its domestic procedures after the countries signed the agreement in April, leaving India’s ratification as the final step before entry into force. Bilateral trade totaled NZ$3.99 billion in the 12 months through June 2026, with India New Zealand’s ninth-largest export market for goods and services.

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