India and New Zealand have officially signed a historic Free Trade Agreement (FTA) in New Delhi, marking a major leap in bilateral relations. This landmark deal provides India with immediate 100% duty-free access for all domestic exports, specifically boosting labor-intensive sectors like textiles, leather footwear, and gems. While India has opened 70% of its tariff lines, it has strategically kept nearly 30% of product categories, including dairy, sugar, and pulses, in the exclusion list to protect local farmers and MSMEs. Additionally, New Zealand has committed to a $20 billion FDI investment in India over the next 15 years, aiming to double total trade to $5 billion within five years.