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New Zealand negotiates a free trade deal with India to boost exports amid growing trade disadvantages.
Trade and Investment Minister Todd McClay is in New Delhi for the latest round of negotiations on a Free Trade Agreement with India, aiming to secure better market access for New Zealand exporters.
The talks follow high-level meetings between New Zealand and Indian leaders, including Prime Minister Christopher Luxon’s visit in March.
New Zealand faces growing trade disadvantages, with its lamb export share in India dropping from nearly 90% to about 8% due to a 33% tariff, while competitors like Australia enjoy duty-free access.
Officials stress that a high-quality FTA could boost export revenue, create jobs, and support economic growth, with urgency as Australia, the UK, and the EU advance their own deals with India.
Nueva Zelanda negocia un acuerdo de libre comercio con India para impulsar las exportaciones en medio de crecientes desventajas comerciales.