India-New Zealand FTA benefits gem and jewellery exporters

The India-New Zealand Free Trade Agreement (FTA) enters into force today, opening new opportunities for India’s gem and jewellery exporters to strengthen their presence in the New Zealand market through duty-free access and enhanced competitiveness.

India’s gem and jewellery exports to New Zealand stood at US$ 25.43 million in FY 2025-26. GJEPC aims to double exports to US$ 50 million over the next two years, leveraging New Zealand’s high per capita jewellery consumption and growing opportunities for Indian designs and craftsmanship.