India notifies first tariff cuts under New Zealand free trade agreement

The Economic Times reports India has notified its first duty concessions under its free trade agreement with New Zealand, due to take effect October 20, 2026. Specified sheep meat will face zero basic customs duty; certain fish, wine, manuka honey and kiwi fruit have their own duty rates. The notification also sets a quota for some honey imports. Dairy products and specified agricultural goods are excluded from tariff liberalization, and importers must meet origin requirements to claim preferential treatment.