📷 Image: Wikimedia Commons / President's Secretariat
International
India‑New Zealand FTA to Slash 100% Tariff Lines to Zero from Oct 20
✍️ Asianet Newsable
🗓 20 Oct 2026, 01:32 AM
👁 11
Under the recently signed India‑New Zealand Free Trade Agreement, all goods that previously faced 100% tariffs will be duty‑free from 20 October, boosting bilateral trade.
India and New Zealand have agreed to eliminate 100 % tariff lines on a range of goods under their newly signed Free Trade Agreement, effective 20 October. The move is expected to remove a significant barrier for exporters in both countries.
The agreement targets products that had been subject to the highest duty rates, allowing them to enter each market without any tariff. While the exact list of goods is detailed in the treaty, it covers a broad spectrum of agricultural and manufactured items.
Trade analysts predict that the duty‑free status will spur increased imports and exports, benefiting Indian farmers and manufacturers who have long sought easier access to New Zealand’s market, and vice‑versa.
Implementation will require customs authorities in both nations to update tariff codes and ensure compliance. Businesses are advised to review the new tariff schedules and adjust their supply chains accordingly.
The agreement targets products that had been subject to the highest duty rates, allowing them to enter each market without any tariff. While the exact list of goods is detailed in the treaty, it covers a broad spectrum of agricultural and manufactured items.
Trade analysts predict that the duty‑free status will spur increased imports and exports, benefiting Indian farmers and manufacturers who have long sought easier access to New Zealand’s market, and vice‑versa.
Implementation will require customs authorities in both nations to update tariff codes and ensure compliance. Businesses are advised to review the new tariff schedules and adjust their supply chains accordingly.