India–New Zealand FTA: A Strategic Trade Pact with Long-Term Economic Potential
For years, trade between India and New Zealand has been a relationship with untapped potential. The two economies have remained friendly partners, yet commercial engagement has never quite matched the opportunities available. The proposed India–New Zealand Free Trade Agreement (FTA) could change that equation.
That is where the India–New Zealand agreement becomes particularly relevant.
Trade between the two countries remains relatively modest, the bilateral merchandise trade stood at USD 1.3 billion (approx.) in FY 2024-25, out of which India’s exports to New Zealand contributed only around USD 711 million, despite registering a 32% year-on-year growth. The numbers are moving in the right direction, but they remain small when compared to India's trade relationships with larger partners.
