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New Zealand, India Set April 27 Signing for Tariff-Cutting Trade Deal

Luxon now seeks Labour votes after New Zealand First rejects the pact.

Overview

  • The government, which confirmed legal checks were finished Monday, set April 27 for a New Delhi signing of the free trade agreement.
  • Signature will table the full text and a National Interest Analysis the next day and send the pact to Parliament’s Foreign Affairs, Defence and Trade Committee for scrutiny.
  • The deal removes or reduces tariffs on about 95% of New Zealand exports, with 57% duty-free at the start rising to 82% over time, and it wipes tariffs on timber immediately.
  • New Zealand First says it will vote no over immigration settings and dairy access, and Luxon called a “butter chicken tsunami” jibe from deputy leader Shane Jones not acceptable.
  • Officials say the pact helps diversify sales beyond China and includes a clause that would grant wine and services the same access the EU secured if New Zealand’s deal takes effect first.