India and New Zealand have signed a free trade agreement that provides wide tariff relief and aims to strengthen bilateral trade ties.
Under the agreement, 8,284 Indian products will receive duty-free access in New Zealand, allowing 100% of India’s exports to enter the market without tariffs. The pact also outlines rules related to taxation and key industrial sectors, creating a structured framework for trade between the two countries.
In return, India has agreed to offer tariff concessions on around 30% of New Zealand goods. These include products such as wood, wool, meat, and untreated hides. Officials stated that the agreement is designed to improve market access and support trade growth on both sides.
The deal is expected to simplify trade procedures and encourage business activity between the two nations. It also reflects ongoing efforts to expand international trade partnerships.
The agreement marks a significant step in enhancing economic cooperation and strengthening trade relations between India and New Zealand.
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