India’s free trade agreement with New Zealand takes effect on October 20, offering Indian exports full duty-free access and targeting bilateral trade of about ₹35,000 crore by 2030. Key highlights of the pact here.
The India-New Zealand FTA takes effect on 20 October, eliminating tariffs on all Indian exports to New Zealand. The move is expected to boost sectors including textiles, leather, pharmaceuticals and agriculture, improve exporters’ competitiveness and deepen bilateral trade ties.
New Zealand has committed to eliminate customs duties on 100% of its tariff lines, covering all of India’s current exports to the country.
India and New Zealand aim to double bilateral trade in goods and services to ₹35,000 crore by 2030, says Union commerce and industry minister Piyush Goyal.
