What are the benefits of the India-New Zealand free trade agreement?

The agreement offers zero-duty market access for New Zealand exports, enhanced visa opportunities for Indians, and cooperation in AYUSH and tourism.

How does the India-New Zealand FTA impact trade?

It provides 100% zero-duty market access for New Zealand's tariff lines to India, significantly boosting trade potential.

What new visa opportunities does the India-New Zealand pact offer?

The pact enhances work visa opportunities for Indian students and professionals looking to work in New Zealand.

Home / Business and Economy / India & NZ Seal Free Trade Deal

India & NZ Seal Free Trade Deal

22 Dec

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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.