"57% of our exports will be tariff-free": NZ PM Luxon announces major India trade deal

New Zealand businesses are poised for significant growth following Prime Minister Christopher Luxon's announcement of a landmark trade agreement with India. Luxon revealed that 57% of New Zealand's exports to India will be tariff-free immediately upon the deal's implementation, a move he believes will unlock substantial market access for domestic enterprises.

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New Zealand businesses are set to boom with our India Trade Deal. Fifty-seven per cent of everything we export to India will be tariff-free from day one.

"New Zealand businesses are set to boom with our India Trade Deal. Fifty-seven per cent of everything we export to India will be tariff-free from day one," Luxon stated on social media platform X. The announcement precedes Indian Prime Minister Narendra Modi's state visit to New Zealand, the first by an Indian premier in nearly four decades.

The New Zealand-India Free Trade Agreement, sealed in April, is expected to foster more jobs, increase exports, and drive stronger economic growth for New Zealand. Luxon emphasized that the agreement opens doors to a market of 1.4 billion people, promising to inject more money into Kiwi communities, create employment, and raise wages.

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We are taking the two countries' relationship to the next level with our New Zealand-India Free Trade Agreement, signed in April, which will deliver more jobs, higher exports and stronger economic growth for New Zealand.

For India, the FTA solidifies its presence in a high-income Pacific economy, aligning with its Indo-Pacific strategy. New Zealand, in turn, gains a stronger foothold in one of the world's fastest-growing major economies amidst global trade uncertainty. Prime Minister Modi's visit will include high-level discussions on trade, commerce, and defense cooperation, alongside engagements with business leaders and the Indian diaspora.

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bringing more money into Kiwi communities, creating jobs and lifting wages.