The Gem & Jewellery Export Promotion Council (GJEPC) welcomes the signing of the India–New Zealand Free Trade Agreement (FTA) on 27 April 2026, calling it a timely step to open a high-potential market for Indian exporters.

While current gem and jewellery exports to New Zealand stand at about USD 16.61 million, the zero-duty access secured under the agreement is expected to drive growth to nearly USD 50 million over the next three years.

The Council highlighted a clear duty advantage over competitors such as China and Thailand, which is likely to improve India’s market share across gold, silver, platinum, and fashion jewellery. It also pointed to opportunities to leverage the Indian diaspora and expand retail presence through local partnerships.

Kirit Bhansali, Chairman, GJEPC, said, “The India–New Zealand FTA supports diversification of export markets beyond the US and GCC. With zero-duty access, exports can grow from USD 16.61 million to nearly USD 50 million in three years, while improving competitiveness against China and Thailand.”

GJEPC added that recent large-scale Indian investments in New Zealand’s jewellery retail segment signal long-term potential, with the FTA expected to support both exports and deeper economic engagement.