Summary:

The India-New Zealand Free trading Agreement (FTA), which was signed on April 27, 2026, has been warmly received by India's gem and jewelry industry, which views it as a significant expansion of international trading prospects. It will enhance market access and fortify bilateral economic relations, according to the Gem and Jewellery Export Promotion Council (GJEPC). According to Chairman Kirit Bhansali, the deal will boost international competitiveness and open up new export prospects. The FTA helps lessen reliance on conventional destinations at a time when India is expanding its export markets. Additionally, it is anticipated to draw investments, promote manufacturing, provide value, and create jobs in jewelry hubs. All things considered, the agreement is viewed as a calculated move to boost exports, boost investor confidence, and bolster India's position in the world of jewelry.

Source: IBEF

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