# The pact was signed by Commerce and Industry Minister Piyush Goyal.

*business · news · 2026-04-27 · Daily Excelsior*

## Key points

- India and New Zealand signed an FTA granting duty-free access for all Indian exports to New Zealand.
- India secured duty-free inputs like wooden logs, coking coal, and metal scraps to enhance manufacturing competitiveness.
- India excluded dairy, animal products, select agriculture goods, and sensitive metals from tariff liberalisation.
- The agreement commits to facilitating USD 20 billion in investment into India, with a rebalancing clause.
- Earlier New Zealand tariffs up to 10 per cent on key Indian exports will be eliminated immediately.

**Countries:** India, New Zealand

[Read the full story on Daily Excelsior](https://www.dailyexcelsior.com/india-new-zealand-ink-free-trade-agreement/)

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