New Zealand Prime Minister Christopher Luxon has announced that 57% of the country’s exports to India will become tariff-free, describing the move as a major step towards strengthening economic ties between the two countries. The announcement comes ahead of Prime Minister Narendra Modi’s official visit to New Zealand, where both leaders are expected to discuss trade, investment and regional cooperation.
Speaking before the visit, Luxon said the agreement would open fresh opportunities for New Zealand businesses while making products more competitive in the Indian market. He added that the decision reflects the growing partnership between the two countries and their shared commitment to expanding bilateral trade.
The tariff relief is expected to benefit several key export sectors, including dairy ingredients, horticultural products, wood, seafood and manufactured goods. Businesses in New Zealand believe lower trade barriers will help increase exports to one of the world’s fastest-growing major economies.
Luxon said the agreement marks an important milestone in the ongoing efforts to deepen commercial engagement with India. He noted that both governments have been working closely to improve market access and strengthen cooperation across trade, technology, education and innovation.
Prime Minister Modi’s visit is expected to focus on further expanding economic relations, with discussions likely to include a broader trade partnership, investment opportunities and supply chain cooperation. The two leaders are also expected to explore collaboration in clean energy, digital technology, agriculture and skilled workforce development.
Trade between India and New Zealand has grown steadily in recent years, but both countries believe there is significant potential for further expansion.
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