India’s gem and jewellery industry is set to benefit from the newly concluded India–New Zealand Free Trade Agreement, which improves market access and pricing flexibility for Indian exporters. By offering tariff concessions of up to 2.5 percent across select product categories, the agreement strengthens India’s competitive position in the New Zealand market.
India’s gem and jewellery industry is set to benefit from the newly concluded India–New Zealand Free Trade Agreement, which improves market access and pricing flexibility for Indian exporters. By offering tariff concessions of up to 2.5 percent across select product categories, the agreement strengthens India’s competitive position in the New Zealand market.
According to industry estimates, the agreement could significantly lift export volumes over the next few years. With current exports valued at around $16.6 million, the sector sees potential for substantial growth as exporters leverage the tariff advantage and expand long-term partnerships.
Beyond immediate trade gains, the FTA aligns with India’s broader export strategy focused on diversification and stability. By opening new avenues in smaller but high-value markets such as New Zealand, the agreement helps reduce dependence on traditional destinations while creating policy-backed growth opportunities for Indian jewellery manufacturers and exporters.
The FTA is expected to encourage Indian companies to invest more actively in market development, brand presence, and buyer relationships, positioning India as a reliable and competitive sourcing partner in the region.