# India and New Zealand sign a free trade agreement (FTA) on Monday.

*business · news · 2026-04-27 · MarketScreener*

## Key points

- India and New Zealand signed an FTA cutting tariffs on 95% of New Zealand exports to India.
- New Zealand committed to invest $20 billion in India as part of the agreement.
- India excluded sensitive agricultural sectors like dairy from market access commitments in the FTA.
- The deal establishes 5,000 temporary employment and 1,000 working holiday visas for Indian citizens.
- Immediate duty-free access is granted to New Zealand dairy and food ingredients intended for re-export.

**Countries:** India, New Zealand

[Read the full story on MarketScreener](https://www.marketscreener.com/news/india-new-zealand-trade-pact-cuts-fruit-tariffs-boosts-exports-visas-ce7f59dcdf8ef627)

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