India–New Zealand FTA Signed, $20 Billion Investment and Visa Boost Announced

New Delhi- India and New Zealand on Monday signed a landmark Free Trade Agreement (FTA), marking a significant step in strengthening bilateral economic relations and expanding trade opportunities between the two countries.

The agreement was formalised following the conclusion of negotiations in December 2025, with India represented by Commerce Minister Piyush Goyal and New Zealand by Trade and Investment Minister Todd McClay.

The comprehensive pact spans around 20 chapters, covering areas such as trade in goods, dispute resolution mechanisms, legal frameworks, and trade remedies, among others.

One of the major highlights of the agreement is New Zealand’s commitment to invest approximately $20 billion in India over the next 15 years, aimed at boosting infrastructure, trade, and economic collaboration.

The FTA also provides for complete elimination of duties on Indian exports to New Zealand, offering a major push to sectors such as textiles, pharmaceuticals, and engineering goods by making them more competitive in the Kiwi market.

In a significant move for skilled professionals, the agreement introduces a provision for at least 5,000 temporary work visas annually for Indians. These visas, under a dedicated employment pathway, will allow professionals in selected skilled sectors to work in New Zealand for up to three years.

Officials said the pact is expected to enhance market access, promote investment flows, and create new employment avenues, while deepening strategic ties between the two nations.