The India–New Zealand Free Trade Agreement (FTA) is expected to significantly boost investor confidence by expanding market access and strengthening economic cooperation between the two countries, experts said on Tuesday.
Ved Jain, economist and former President of the Institute of Chartered Accountants of India (ICAI), said the agreement would encourage positive investor sentiment as both nations open their markets and demonstrate strong leadership commitment to economic development.
“When two countries like India and New Zealand enter into a free trade agreement and provide greater market access, investors gain confidence in both economies,” Jain told IANS, adding that the agreement reflects long-term growth potential.
The FTA eliminates duties on 100 per cent of Indian exports and includes a long-term investment commitment of approximately $20 billion over 15 years, aimed at deepening economic and strategic cooperation.
Echoing similar views, Nikhil Madrasi, President of the South Gujarat Chamber of Commerce, Surat, said free trade agreements open new markets and provide major benefits to exporters. He noted that tariff-free access to the New Zealand market would significantly support Indian exporters.
Industrialist and former SGCCI President Vijay Mewawala said India’s strong economic growth presents a major opportunity to strengthen its position in global trade. “While several regions face geopolitical challenges, India has a clear chance to emerge as a global trade leader,” he said.
Under the agreement, India has offered market access on about 70 per cent of tariff lines while excluding sensitive sectors such as dairy, certain agricultural products, sugar, precious metals, arms and ammunition, and select metals.
Former Chief Commissioner of Income Tax Dr Shikha Darbari said reduced tariffs would increase demand for Indian products in New Zealand and help domestic industries expand globally. She added that the agreement is likely to generate employment across multiple sectors.
The long-term trade framework aims to double bilateral trade between India and New Zealand over the next five years, reflecting growing international confidence in India’s economic outlook and trade leadership.
