New Delhi, Sept. 21 -- The India-New Zealand Free Trade Agreement (FTA) will come into force on 20 October 2026, paving the way for lower import duties on several products coming from New Zealand.

The agreement was signed this year on 27 April by Union Minister of Commerce and Industry Piyush Goyal and New Zealand's Minister for Trade and Investment Todd McClay, according to a Ministry of Commerce and Industry release.

An FTA is an agreement between countries to reduce or remove trade barriers, including import duties.

For Indian consumers, this could mean lower prices for some New Zealand products over time, although the extent to which consumers actually benefit will depend on how the lower duties are passed on to retail prices.

"We...