The FTA also creates opportunities to leverage the Indian diaspora in New Zealand, expand retail presence through local partnerships, and deepen long-term trade and investment engagement in the Oceania region.

The Gem & Jewellery Export Promotion Council (GJEPC) welcomed the signing of the India–New Zealand Free Trade Agreement (FTA) on 27 April 2026, calling it a timely and strategic step that opens a high-potential market for Indian gem and jewellery exporters. India’s current gem and jewellery exports to New Zealand stand at approximately USD 16.61 million. With zero-duty access secured under the agreement, exports are expected to grow to nearly USD 50 million over the next three years. Mr. Kirit Bhansali, Chairman, GJEPC, said, “In today’s turbulent global environment, India’s continued progress in advancing and concluding FTAs is enabling the industry tostrategically diversify its export markets and reduce overdependence on any single geography such as the US or regions like the GCC. The India–New Zealand FTA, following the Australia agreement, is a timely step in this direction. India’s gems and jewellery exports to New Zealand currently stand at around USD 16.61 million, and withzero-duty access under the agreement, we expect this to grow to nearly USD 50 millionover the next three years.New Zealand, with its high per capita jewellery consumption trends, brings newopportunities for Indian exporters. The agreement also provides a clear duty advantageover key competitors such as China and Thailand, enhancing competitiveness andenabling expansion of market share. Along with Australia and Fiji, New Zealand inOceania presents a compelling avenue for diversification.Importantly, this FTA is not just an export opportunity, but also a platform for deepereconomic engagement and investment, supporting a more balanced and resilient growth trajectory for the sector.”