India and New Zealand are set to sign a historic free trade agreement on April 27, aiming to strengthen economic ties and expand bilateral trade.
According to official announcements, the agreement targets doubling trade between the two countries to around $5 billion in the coming years. The deal is expected to improve market access and reduce trade barriers across multiple sectors.
As part of the agreement, New Zealand will remove tariffs on all goods imported from India, providing Indian exporters with wider opportunities. In return, India plans to offer duty concessions on nearly 70% of products imported from New Zealand, helping to promote balanced trade.
Officials noted that the agreement has been designed to support economic cooperation and increase the flow of goods between the two nations. It is also expected to benefit industries and businesses involved in cross-border trade.
The signing of this agreement marks a key step in strengthening trade relations, paving the way for continued economic collaboration between the two countries.
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