NZ–India FTA: New opportunities for wood processing [NZ]

Friday 23 Oct 2026

 
The Wood Processors and Manufacturers Association of NZ (WPMA) has welcomed the entry into force of the New Zealand–India Free Trade Agreement on 20 October 2026, saying it will help strengthen New Zealand's position in one of the world's fastest growing markets.

WPMA Chief Executive Mark Ross said the agreement is timely for New Zealand's wood processing and forestry sector, with more than 95% of current wood product exports to India becoming tariff free immediately and tariffs on almost all remaining wood trade being phased out over seven years.

Based on current industry export volumes to India valued at approximately $193 million, the removal of existing tariffs of 5 percent on logs and pulp and 10 percent on wood products will deliver more than $10 million annually in cost savings and additional revenue opportunities for New Zealand exporters across the wood processing and forestry sector.

WPMA acknowledges the work of the New Zealand Government and trade negotiators in delivering an agreement that creates meaningful opportunities for New Zealand’s wood product exporters to India.

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Source: Wood Processors and Manufacturers Association of NZ (WPMA)
Image credit: Hon Todd McClay

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