New Zealand has committed to invest $20 billion in India over the next 15 years under the free trade agreement between the two countries, an official statement said on Monday. The commitment is in line with a similar trade pact that India implemented with the four-nation European bloc EFTA (European Free Trade Association) in October this year. ADVERTISEMENTCommerce minister Piyush Goyal said the $20 billion foreign direct investment (FDI) commitment is backed by a rebalancing mechanism to suspend benefits if it is not fulfilled. “Ficci welcomes the conclusion of the India-New Zealand Free Trade Agreement, a significant step towards deepening economic engagement with the Indo-Pacific region,” Ficci president Anant Goenka said. India-New Zealand Free Trade Agreement represents a next-generation deal combining trade liberalisation with talent mobility, investment, and productivity-led cooperation, Ranjeet Mehta, CEO & Secretary-General, PHDCCI, said.

Source: The Telegraph December 23, 2025 02:38 UTC