India’s Engineering Exports to New Zealand Expected to Double After New FTA

Kolkata, Apr 28 (BNP): India’s engineering exports to New Zealand are projected to nearly double over the next five years, rising from about USD 140 million to nearly USD 280–300 million, supported by the recently signed Free Trade Agreement (FTA), officials said.

The agreement provides zero-duty access for Indian goods, significantly improving market competitiveness and easing trade barriers for exporters.

Industry representatives noted that the pact is expected to deliver strong benefits, especially for micro, small and medium enterprises (MSMEs), by expanding stable and predictable market access in a smaller but high-growth export destination.

Engineering exports to New Zealand have already shown steady growth, increasing to around USD 140.5 million in 2025–26, compared to USD 129.8 million in the previous year, indicating rising demand even before the full impact of the FTA takes effect.

Officials believe the agreement will further strengthen India’s engineering export footprint and support long-term trade diversification.