Brief by Shorts91 Newsdesk / 10:16am on 21 Sep 2026,Monday Business
The India-New Zealand Free Trade Agreement will come into force on October 20, 2026, Commerce Minister Piyush Goyal said on Monday. The date falls on Vijayadashami. The pact, signed in April, gives Indian exports 100% duty-free access to New Zealand. India will open about 70% of its tariff lines in phases, while protecting sensitive sectors such as core dairy and onions. New Zealand has pledged $20 billion in investment over 15 years and a quota of 5,000 temporary work visas for skilled Indian professionals. Both nations aim to double trade to nearly $5 billion in five years. (PC: X)
