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Current Affairs related to New Zealand

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5 May 2026 AGREEMENTS

Union Minister Piyush Goyal and Todd McClay have signed the India–New Zealand Free Trade Agreement (IN-NZ FTA) at Bharat Mandapam, New Delhi.

Under the IN-NZ FTA, India has secured 100% duty-free access on all 8,284 tariff lines to New Zealand. In return, India has liberalized 70.03% of its tariff lines, which covers 95% of the total bilateral trade value.

New Zealand has opened 118 service sectors with Most Favoured Nation (MFN) commitments across 139 sub-sectors. Furthermore, New Zealand has committed to an investment of $20 billion over a 15 year period in sectors like infrastructure, renewable energy, manufacturing, and startups.

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