India FTA Removes 33% Tariff on NZ Sheepmeat
New Zealand’s red meat sector has welcomed the India-New Zealand Free Trade Agreement taking effect, which removes India’s 33% tariff on New Zealand sheepmeat.
The NZIBF says Labour's support is a clear affirmation of the importance of a stable and predictable approach to trade policy.
NZIBF executive director Felicity Roxburgh says that bipartisan support for the agreement provides exporters with greater certainty as they invest and plan for future engagement in the Indian market.
Bipartisan Support Strengthens Export Confidence
Roxburgh says Labour's endorsement reinforces the importance of consistent trade policy in supporting New Zealand’s export-led economy.
"Our ability to compete and sell into global markets underpins jobs, drives incomes, and funds the public services New Zealanders depend on.
"Bipartisan support for this deal gives businesses the confidence to take a long-term view," she says.
Unlocking Access to 1.4 Billion Consumers
The agreement, which is set to be signed in New Delhi on 27 April, was announced at the end of December 2025 and will unlock access to India's 1.4 billion consumers.
"This is about more than market access, it is about the farmers, growers, manufacturers and innovators behind our export sectors, and the communities across New Zealand that depend on them," Roxburgh says.
Roxburgh says the agreement is a critical development in New Zealand's engagement with India, which is a fast growing and strategically important economy.
“India represents a major opportunity. This agreement begins to break down barriers and opens the door to deeper commercial relationships across a wide range of sectors," she says.
“In a world shaped by rising protectionism and geopolitical tension, standing still is not an option. Securing improved access to markets like India strengthens New Zealand’s resilience, spreads risk, and ensures our exporters remain competitive.”
“We are focused on working constructively with government to ensure New Zealand businesses are well positioned to take full advantage of the opportunities this agreement creates, and that these are translated into real commercial outcomes for exporters.”
NZ Winegrowers See Opportunity in Deal
New Zealand Winegrowers (NZW) says it also represents Labour's support for the agreement.
NZW chief executive Philip Gregan says maintenance of bipartisan alignment on trade is very positive.
“India represents a significant long-term opportunity for New Zealand wine, and sustained cross-party commitment will be key to delivering a high-quality agreement with real commercial outcomes," Gregan says.
“We value the constructive approach taken across Parliament and the shared recognition of trade as a driver of growth, jobs, and regional prosperity,” he concludes.
