India-NZ FTA: GJEPC Targets 200% Export Growth to USD 50 Million in 3 Years

The Gem & Jewellery Export Promotion Council (GJEPC) welcomed the India–New Zealand Free Trade Agreement (FTA) signed on 27 April 2026, calling it a strategic milestone for Indian exports. With current gems and jewellery exports valued at around USD 16.61 million, the sector is expected to grow to nearly USD 50 million within three years under zero-duty access. GJEPC Chairman Mr. Kirit Bhansali highlighted that the agreement supports market diversification amid global uncertainty and reduces dependence on traditional markets. The FTA strengthens India’s competitiveness against China and Thailand, enhances access to New Zealand’s high-consumption market, and opens new opportunities across Oceania.