# India gains 100% duty-free mkt access, $20 bn FDI commitments in 15 years.

*business · news · 2026-04-27 · Business Standard*

## Key points

- India secured 100% duty-free market access and a $20 billion FDI commitment from New Zealand over 15 years.
- India will protect sensitive sectors like dairy, sugar, and edible oils with quotas and safeguards.
- New Zealand wine will see sharply reduced tariffs, but only for bottles priced above $5 each.
- The FTA expands mobility options for Indians, including 5,000 skilled worker and 1,000 work-holiday visas annually.
- New Zealand has promised services sector MFN treatment in 139 sectors, the widest such offer to India yet.

**Countries:** India, New Zealand

[Read the full story on Business Standard](https://www.business-standard.com/economy/news/india-new-zealand-free-trade-agreement-sealed-to-kick-in-by-december-126042701334_1.html)

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