- Things like dairy, edible oil will remain out of the free trade agreement.
On one hand, countries around the world are in tension due to the ongoing conflict and tension between America and Iran in the Middle East. The tension between the two countries in the Strait of Hormuz has made the situation of global trade more serious. Meanwhile, a good news has emerged for India, the world’s fourth largest economy country, and that good news is that after a long time of negotiations and discussions, India is finally going to sign a Free Trade Agreement (FTA) with New Zealand. This big agreement between the two countries will be finalized tomorrow i.e. Monday (April 27, 2026).
FTA will be signed in Bharat Mandapam
According to the report of news agency PTI, the governments of India and New Zealand will sign this very important agreement on Monday (April 27, 2026). The main objective of this deal is to double the trade between the two countries. There have been serious discussions regarding FTA between the two countries for a long time and these talks were completed last year on December 22, 2025. Nearly four months after the end of intensive discussions between the two countries, the Free Trade Agreement (FTA) is about to be signed.
Also read: Alarm bells for Yogi government? In the survey, people are angry with 33 ministers of UP, only 3 are expected to get ticket again.
According to the report, this important agreement will be signed at Bharat Mandapam in the country’s capital Delhi. During this time, Union Commerce and Industry Minister Piyush Goyal and New Zealand’s Trade and Investment Minister Todd McClay will be present in the program. After signing this agreement, Indian companies will get duty-free access to New Zealand and through this, investment of 20 billion dollars will come to India in the next 15 years.
India will get these benefits from FTA
After signing of FTA with New Zealand, investment of 20 billion dollars will come to India in the next 15 years. There will be an increase in the facility of temporary employment visa for Indian professionals, while there will be ease in the export of Indian medicines and medical equipment.
However, it is worth noting that in the interest of domestic farmers and agro-based industries, India is keeping things like dairy, edible oil, vegetables out of the scope of this Free Trade Agreement (FTA). According to the report, India and New Zealand have set a target of increasing their trade to 5 billion dollars in the next five years through this Free Trade Agreement (FTA).
Also read: ‘Census of the country is not just a government job’, in Mann Ki Baat, PM Modi appealed to make Census 2027 a success.
