India and New Zealand are reportedly set to sign a free trade agreement on April 24 to boost trade and investment, The Economic Times reported on April 7. The deal will increase market access for goods from both countries and create a temporary visa pathway for up to 5,000 Indian professionals annually.

Under the FTA, all Indian exports will receive zero-duty access to New Zealand, while key New Zealand goods such as sheep meat, wool, coal and forestry products will gain duty-free access to India. India will also reduce tariffs on about 95% of New Zealand's exports, including wool, coal, wood, wine, avocados and blueberries, but not sensitive items like dairy, onions, sugar, spices, edible oils and rubber. India and New Zealand concluded negotiations on the trade deal on Dec. 22, 2025. Trade between the two reached approximately $2.4 billion in 2024, including $1.24 billion in services.