India and New Zealand have signed a free trade agreement in Delhi, granting 100% duty-free access for Indian exporters and securing an estimated $20 billion in New Zealand investment commitments.
India and New Zealand have signed a free trade agreement in Delhi, granting 100% duty-free access for Indian exporters and securing an estimated $20 billion in New Zealand investment commitments. Summary India and New Zealand signed a Free Trade Agreement in Delhi, eliminating and lowering tariffs across a range of goods New Zealand grants 100% duty-free access to Indian exporters under the deal Agreement includes an estimated $20 billion in investment commitments from New Zealand Deal adds to India’s expanding FTA network, which includes agreements or active negotiations with the EU, UK and Oman India has historically been cautious on free trade agreements, making the current pace of deal-making a significant strategic shift India is the world’s fifth largest economy and one of the fastest growing major markets, making FTA access increasingly attractive to trading partners New Zealand’s economy is heavily export-oriented, with dairy, meat, wool and horticulture among its key export sectors likely to benefit from Indian market access India’s IT services, pharmaceuticals, textiles and manufactured goods sectors are among the primary beneficiaries of duty-free access to New Zealand