business π€ India-NZ Free Trade Deal Officially Ratified
India and New Zealand formally ratified their Free Trade Agreement on Monday, September 21, 2026. The agreement was finalized with the exchange of formal documents by Todd McClay and Muanpuii Saiawi in New Zealandβs Parliament. This deal, initially inked on April 27, 2026, is set to become operational on October 20, 2026. Under this FTA, New Zealand will eliminate all tariffs on Indian goods, while India will reduce tariffs on 95% of imports from New Zealand. This move aims to deepen trade ties amid uncertain global markets.