India Free Trade Agreement Legislation Amendment Bill
This bill changes several New Zealand laws to put a trade deal with India into effect. The deal, signed in April 2026, means some goods can be traded between New Zealand and India with lower or no taxes (called tariffs). The bill sets up rules for New Zealand exporters of apples, kiwifruit, and mānuka honey to sell set amounts into India, and lets dairy exporters sell albumin (a milk protein) to India. It also raises the limit on how much money Indian investors can put into NZ businesses before they need government approval.
What this affects
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The bill sets up lower trade taxes on goods going between New Zealand and India, and raises the limit on how much Indian investors can put into NZ businesses before needing government sign-off.
increase from $100 million to $200 million the monetary threshold above which consent is required for investments by non-government investors from India in 'significant business assets' in New Zealand
amend the Tariff Act 1988 to provide a provisional transitional safeguard mechanism for imports from India
enable the application of the preferential tariff rates agreed in the FTA
Progress through Parliament
Have your say
This bill is open for public submissions to the Foreign Affairs, Defence and Trade Committee. Anyone can tell the committee what they think, and you don’t need to be an expert. Submissions close 18 July 2026.
Bill text sourced from legislation.govt.nz (Parliamentary Counsel Office). Arapono’s summary and breakdown are drafted with AI grounded in that official text and reviewed by an Arapono editor for accuracy and neutrality before publishing. Arapono is non-partisan and takes no position on this bill.