The free trade agreement between India and New Zealand will enter into force on October 20, 2026, Indian trade minister Piyush Goyal has announced.

The deal was signed on April 27, 2026, in New Delhi. New Zealand’s parliament passed the implementing legislation on September 16, completing domestic processes in both countries.

From day one, all Indian goods will get duty-free access to New Zealand. Sectors set to benefit include textiles and apparel, leather and footwear, gems and jewellery, engineering goods and processed foods. New Zealand’s peak tariffs of up to 10 percent on Indian products will be eliminated.

New Zealand has also committed to invest $20 billion in India over the next 15 years. Tariffs on about 95 percent of New Zealand’s exports to India, including wine, kiwi fruit and apples, will be eliminated or cut.

The two prime ministers have committed to doubling bilateral trade to NZ$7 billion, about Rs 35,000 crore, by 2030. Trade stood at about $2.3 billion in the 12 months through June.