New Zealand said it has agreed to a wide-ranging free trade deal with India, eliminating tariffs on 95 percent of its exports. Trade Minister Todd McClay said the deal, effective in the first half of next year, opens access to India’s 1.4 billion consumers.
McClay called it a “once-in-a-generation” agreement, promising thousands of jobs and billions in additional exports. He said the deal will benefit tourism, rural sectors, and allow Kiwi companies to expand in the Indian market.
However, coalition partner New Zealand First criticized the agreement as unfair. Foreign Affairs Minister Winston Peters said the pact gives too much away, particularly on immigration, and fails to secure enough benefits for New Zealand, including dairy.
The deal includes 1,667 temporary work visas annually for Indian professionals in IT, engineering, and health services. It also allows up to 1,000 young Indians on a working holiday scheme and Indian students to work up to 20 hours a week.
McClay said the agreement ensures a steady flow of workers and strengthens trade ties. He emphasized the pact is aimed at future-proofing opportunities for exporters and boosting New Zealand’s global trade presence.