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NZ-India FTA: A 'Once in a Generation' Trade Deal
26 Apr
Summary
- New Zealand and India will sign a Free Trade Agreement on Monday.
- The deal grants Kiwi exporters access to India's 1.4 billion consumers.
- It is expected to boost incomes and create more jobs in New Zealand.
New Zealand Prime Minister Christopher Luxon announced that a Free Trade Agreement (FTA) with India is set to be signed on Monday. He described the deal as a "once in a generation agreement" that will unlock one of the world's largest markets for New Zealand exporters.
The FTA grants exporters unprecedented access to India's vast consumer base of 1.4 billion people and its economy, projected to become the world's third largest. This will place New Zealand exporters on a more competitive footing globally.
The agreement is expected to drive economic growth by increasing incomes and creating jobs across various sectors, particularly in farming and production. Enhanced trade is projected to boost investment in public services like roads, schools, and hospitals, ultimately benefiting all New Zealanders.
