NZ Signs Historic India Free Trade Agreement
New Zealand and India have signed a Free Trade Agreement (FTA) described as a once-in-a-generation deal.
The agreement was announced just before Christmas 2025 and was largely celebrated by the primary sector.
However, the coalition Government has appeared split on the deal, with NZ First leader Winston Peters claiming the deal is "neither free nor fair".
Meat Industry Association (MIA) chair, Nathan Guy says the FTA will bring New Zealand's red meat sector one step closer to unlocking new opportunities from a market with considerable long-term potential.
He says the sector is calling on the Government to sign the FTA now to keep building momentum.
"Globally our exporters are facing rising protectionism, uncertainty and volatility," Guy says.
"Access to different markets is key to help us weather market dynamics as it provides the sector with options and creates resilience supporting farm-gate returns and the national economy," he says.
"That is why MIA and Beef + Lamb New Zealand (B+LNZ) have both signed the BusinessNZ-led letter."
Kate Acland, B+LNZ chair, says in these uncertain times New Zealand needs to do everything it can seize market access opportunities, particularly in markets with great prospects in the future such as India.
"It has taken nearly 20 years to conclude this negotiation, and we would like to see it passed by the respective Parliaments," Acland says. "As with some of our other FTAs, it will be possible to negotiate improvements in the future."
"This year, India surpassed China as the most populous country in the world. It is projected to become the world's third-largest economy within five years, and its middle class is growing," she says.
"In addition to unlocking a promising market that has been constrained due to the 30% tariff currently on New Zealand sheepmeat, an FTA will also deliver important additional options for our exporters, spread risk and provide greater stability."
