How India-New Zealand free trade pact is a win-win prospect

The India–New Zealand Free Trade Agreement (FTA), signed after a decade of negotiations, aims to double bilateral trade from $2.4 billion to $6 billion within five years. India gains zero-duty access for key exports including gems, jewellery, pharmaceuticals, and textiles, while New Zealand benefits from tariff reductions on 70% of its products, particularly dairy, meat, wool, and timber. The pact also includes investment pledges, mobility provisions for students and professionals, and collaboration in agritech and horticulture. While some sectors like Indian dairy are protected, the agreement strengthens economic ties, opens new markets, and enhances supply-chain integration for both nations.