India and New Zealand have signed a free trade agreement, which will come into full effect in 2026.

Foreign media: India and New Zealand have reached a free trade agreement, expected to be formally signed in the first quarter of 2026.

The agreement will eliminate tariffs on all Indian exports to New Zealand, and about 70% of New Zealand's export goods will gradually gain access to the Indian market, covering 95% of the export value. New Zealand will expand its exports of dairy products, fruits, wool, and wine to India, while Indian textiles, engineering products, leather, and seafood will benefit from zero tariffs entering the New Zealand market.

New Zealand also pledged to invest 20 billion US dollars in India over the next 15 years, and Indian professionals will also find it easier to enter the New Zealand job market. The agreement aims to address trade uncertainties caused by U.S. tariff policies and promote economic diversification in both countries.

Original article: toutiao.com/article/1852221947361344/

Statement: This article represents the views of the author himself.