India’s free trade agreement (FTA) with New Zealand is set to take effect on October 20, 2026, marking a significant step in India’s strategy to expand its export markets and bolster international trade relations. The agreement, signed earlier this year in April, will offer duty-free access to Indian exports in New Zealand, benefiting several key sectors such as textiles, leather, footwear, engineering goods, and processed agricultural products.
In parallel, India is actively pursuing a Comprehensive Economic Partnership Agreement (CEPA) with Canada, aiming to finalize negotiations by the end of the year. The fifth round of discussions on this potential agreement, which encompasses trade in goods and services, investment, rules of origin, intellectual property rights, and trade remedies, concluded in Ottawa earlier this month. The next round of talks is slated for early November in New Delhi.
These trade agreements are part of India’s broader efforts to diversify its export destinations and enhance market access for Indian businesses amidst evolving global trade dynamics. Beyond its engagements with New Zealand and Canada, India is in talks with other countries, including the United States, Israel, Chile, and Peru. Additionally, India is reviewing or upgrading existing agreements with trade partners like Australia, ASEAN, South Korea, and Sri Lanka.
These initiatives underscore India’s commitment to strengthening its economic ties and expanding its presence in the global market. As negotiations progress, the potential agreements are expected to provide new opportunities for Indian businesses and contribute to the country’s economic growth.