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India & NZ Seal Free Trade Deal
22 Dec
Summary
- India and New Zealand signed a free trade agreement, enhancing bilateral relations.
- The pact grants zero-duty access for 100% of New Zealand's tariff lines to India.
- It includes improved visa opportunities and sector-specific cooperation.
India and New Zealand have cemented a significant free trade agreement, marking a pivotal moment in their bilateral relationship by elevating it to a strategic partnership. This comprehensive accord is poised to unlock substantial economic opportunities for both nations.
The agreement ensures immediate zero-duty market access for 100% of New Zealand's tariff lines exported to India. This landmark provision is expected to dramatically increase trade volumes and deepen economic ties between the two countries.
Beyond trade, the pact also introduces enhanced work visa pathways for Indian students and professionals, recognizing the growing talent exchange. Furthermore, it establishes frameworks for cooperation in key sectors, including AYUSH (Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homoeopathy) and tourism, promising a multifaceted growth trajectory.
