India and New Zealand signed a Free Trade Agreement (FTA). The deal is expected to come into effect later this year after approval by New Zealand’s Parliament. It was signed in New Delhi by Todd McClay and Piyush Goyal at Bharat Mandapam.
In ,New Zealand the signed FTA will be reviewed by the Parliament’s foreign affairs, defence and trade committee (FADTC). Following a national interest analysis, which includes a public consultation, the committee will submit its report to Parliament for ratification. The process is expected to take at least six months. Follow Markets Live Updates
Significantly, negotiations for the trade deal resumed in March 2025 after a decade-long pause in talks. The negotiations were wrapped up by December 2025 — one of India’s fastest FTA processes. It is important to mention here that the pact has won bipartisan support from New Zealand’s major parties.
Commenting on the FTA Dr Anish Shah, Group CEO & MD, Mahindra Group said“The India–New Zealand FTA, built on shared trust and concluded with remarkable speed, marks an important step in strengthening economic ties. For the Mahindra Group, it creates new opportunities across farm solutions, mobility, technology, and hospitality, while enabling innovation and more resilient supply chains.”
Trade Growth Target
The pact aims to double bilateral trade to about $5 billion over the next five years — a significant expansion from current levels.
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