FTA aligns with India's "Viksit Bharat 2047" vision to integrate into global value chains and empower MSMEs, farmers, women, and youth.

Key Details of FTA 

• 100% Duty-Free Access: New Zealand eliminated duties on all Indian exports, providing a major boost to labour-intensive sectors like MSMEs, textiles, leather, footwear, and gems etc.
• FDI Commitment: New Zealand committed to a USD 20 billion investment in India over the next 15 years.
• Protection of Sensitive Sectors: India has offered market access in 70% of the tariff lines, covering 95% of New Zealand's Bilateral Trade.
  •  ~30% of tariff lines are in the exclusion category, to shield farmers and domestic industries. E.g. dairy, sugar, vegetable products like onions, aluminium etc.
• Rules of Origin: A robust framework of Product Specific Rules of Origin (PSRs) established to effectively prevent misuse of trade benefits.
• Talent & Mobility:Student Mobility and Post Study Work Visa for STEM Graduates, Skilled Professionals; an annual quota of 5,000 Temporary Employment Visas for skilled Indians.
• Globalizing AYUSH:First-time provision by New Zealand to recognize and facilitate trade in India's traditional medicine systems, including Ayurveda and Yoga.
• Others: Agricultural Productivity Partnership; Market Access across 118 services sectors, with Most-Favoured Nation (MFN) treatment in 139 sectors.