India-New Zealand FTA Signed: Cheaper Imports, More Export Opportunities Ahead
India and New Zealand have signed a Free Trade Agreement (FTA), allowing Indian goods to enter the New Zealand market at zero duty rates by the end of this year.
In addition, India and New Zealand signed a Free Trade Agreement (FTA) on Monday. The FTA is expected to come into effect by the end of this year.
As a result, most Indian goods will enter New Zealand duty-free. This will increase the exports of various goods, like textiles, leather goods, electronic goods, chemical products, and engineering goods.
If the services sector is included in the FTA, Indian youth will be able to take up employment in more than 100 occupations. Moreover, New Zealand will export apples, kiwis, and honey to India at half the earlier tariff rates.