RCEP and AANZFTA: a shared vision
On April 21, 2025, the updated Free Trade Agreement between ASEAN, Australia, and New Zealand (AANZFTA) entered into force. The new protocol modernizes the original 2010 agreement, introducing significant improvements to facilitate trade in the region and align it with the dynamics of today’s economy—particularly in the areas of services, e-commerce, and supply chains.

India and New Zealand: New FTA (2026)
On 27 April 2026, India and New Zealand signed a historic Free Trade Agreement (FTA). The agreement is designed to facilitate and expand bilateral trade, particularly in agri-food sectors, with improved market access for products such as fruit, meat, wool, and processed goods. However, in order to protect sensitive domestic industries, India has retained strong safeguards in the dairy sector. The agreement does not fully open the Indian market to New Zealand’s key dairy exports; instead, it introduces selective access for functional dairy ingredients, infant formula, and products intended for processing and re-export.