Zero-Duty Access Under New Zealand FTA To Boost Jewellery Exports To USD 50 Mn In 3 Years: GJEPC

ENA Sectors 2026-04-27 18:19:24 New Delhi, Apr 27 (KNN) The Gem & Jewellery Export Promotion Council (GJEPC) has described the India New Zealand Free Trade Agreement (FTA) as a timely step to expand export opportunities for Indias gem and jewellery sector. Indias gem and jewellery exports to New Zealand currently stand at about USD 16.61 million. With zero-duty access under the FTA, exports are projected to rise to nearly USD 50 million over the next three years, according to the industry body. GJEPC Chairman Kirit Bhansali said, In todays turbulent global environment, Indias continued progress in advancing and concluding FTAs is enabling the industry to strategically diversify its export markets and reduce overdependence on any single geography such as the US or regions like the GCC, as quoted by ET. The India New Zealand FTA, following the Australia agreement, is a timely step in this direction, he added. He noted that New Zealands high per capita jewellery consumption offers new opportunities, while the FTA provides a duty advantage over competitors such as China and Thailand, improving Indias competitiveness and potential market share. The council highlighted that, along with Australia and Fiji, New Zealand represents a key market in the Oceania region for export diversification. The agreement is expected to support growth across segments including gold, silver, platinum, studded, and fashion jewellery. It also opens avenues for leveraging the Indian diaspora, expanding retail presence through partnerships, and strengthening long-term trade and investment ties in the region. (KNN Bureau) 45940 https://knnindia.co.in/news/newsdetails/sectors/zero-duty-access-under-new-zealand-fta-to-boost-jewellery-exports-to-usd-50-mn-in-3-years-gjepc 2026-04-27 18:19:24 knnindia.co.in Zero-Duty Access Under New Zealand FTA To Boost Jewellery Exports To USD 50 Mn In 3 Years: GJEPC