# India-New Zealand Trade Pact Takes Effect

> India's free trade agreement with New Zealand begins October 20, boosting bilateral trade to ₹35,000 crore by 2030.
- Title: India-New Zealand Trade Pact Takes Effect · mint | Shortify
- Summary: India's free trade agreement with New Zealand begins October 20, boosting bilateral trade to ₹35,000 crore by 2030. India and New Zealand's trade pact takes…
- Keywords: india, new zealand, free trade agreement, duty-free access, bilateral trade, rcep, trade pact, news, India-New, Zealand, Trade, Pact
- Source: mint — https://livemint.com/economy/indianew-zealand-trade-pact-takes-effect-on-october-20-how-it-benefits-both-sides-key-highlights-11792426810108.html
- Author: Eshita Gain
- Published: 2026-10-19T17:08:54+00:00
- Read time: 1 min
- Topics: india, new zealand, free trade agreement, duty-free access, bilateral trade, rcep, trade pact, news
## Trade Pact Takes Effect
India's free trade agreement with New Zealand takes effect on October 20, offering duty-free access to Indian exports.
## Bilateral Trade Target
The pact aims to double bilateral trade in goods and services to about ₹35,000 crore by 2030.
## New Zealand's Investment Commitment
New Zealand will facilitate $20 billion in foreign direct investment into India over the next 15 years.
## Duty-Free Access Details
New Zealand provides 100% duty-free market access to Indian exports, eliminating up to 10% tariff disadvantage.
## Key Beneficiaries
Exporters of fruits, vegetables, coffee, tea, cocoa, spices, textiles, pharmaceuticals, and engineering goods benefit.
## Services Sector Opportunities
New Zealand opens 118 services sectors to Indian professionals, including IT, education, and tourism.
## Temporary Employment Visas
A temporary employment visa pathway for skilled Indians with a quota of 5,000 visas per year.
## Sensitive Sectors Excluded
Dairy products, onions, chana, peas, corn, almonds, and sugar remain protected under the pact.
## Key takeaway

India and New Zealand's trade pact takes effect on October 20, aiming for ₹35,000 crore bilateral trade by 2030.