India–New Zealand FTA to Boost Exports, Deepen Trade Ties: FIEO Prez
New Delhi, Apr 27 (TNT): The Federation of Indian Export Organisations on Monday welcomed the signing of the India–New Zealand Free Trade Agreement (FTA), stating that the pact will significantly enhance export opportunities and strengthen bilateral trade relations.
In a statement, FIEO President S C Ralhan said the agreement would provide improved market access for Indian exporters in sectors such as agriculture, textiles, pharmaceuticals, engineering goods, and services including IT, business services, education, construction and healthcare.
He noted that reduced tariff barriers and simplified trade procedures would improve the competitiveness of Indian businesses in the New Zealand market.
The FTA, he added, would also help diversify India’s export destinations and reduce dependence on traditional markets, while creating opportunities for MSMEs to tap into a high-value market.
Ralhan said the agreement is expected to facilitate smoother trade flows, encourage investments and strengthen supply chain linkages between the two countries.
He urged exporters to align product standards and marketing strategies to fully leverage the benefits of the pact.
Highlighting sectoral gains, he said processed food, dairy alternatives and organic products could see significant growth, aided by mutual recognition arrangements for organic certification.
He also noted that AYUSH products would gain market access for the first time, while the services sector is likely to benefit from enhanced mobility provisions and mutual recognition of professional qualifications.
Emphasising the need for preparedness, Ralhan said exporters must stay informed about rules of origin, compliance requirements and regulatory frameworks.
He underlined the importance of capacity-building initiatives, market intelligence and government support in maximising gains.
FIEO also urged the government to address challenges such as non-tariff barriers, logistics costs and awareness gaps, stating that improved trade facilitation and ease of doing business would be key to fully realising the potential of the agreement.
The FTA is expected to significantly boost bilateral trade volumes and strengthen long-term economic cooperation between the two nations.
TNT KS
