NZ-India FTA Boosts Exports Ahead of Implementation

New Zealand exporters are experiencing a surge in demand in India as the Free Trade Agreement (FTA) approaches ratification. Trade Minister Todd McClay has noted a strong increase in export volumes ahead of the agreement's implementation.

The New Zealand-India FTA is currently before Parliament and is expected to come into force later this year. McClay mentioned that 57 per cent of New Zealand exports to India will be tariff-free from day one, providing immediate benefits for exporters.

One standout product is apples, with export volumes jumping 63 per cent this season. India has risen to become New Zealand's fourth-largest apple market, and once the FTA is enacted, apple tariffs will be halved from 50 per cent to 25 per cent.

This trend mirrors previous trade deals, where export growth often begins before the agreements are officially in effect. The expectation is that as the FTA takes effect, the benefits for Kiwi businesses will continue to expand.

Originally reported by Beehive.govt.nz - The official website of the New Zealand Government.