India-New Zealand Free Trade Deal: Boost for Both Economies

India and New Zealand ink a free trade deal, aiming to bolster economic ties amid global trade uncertainties. The agreement, reached after nine months of negotiations, focuses on reducing tariffs, relaxing rules, and enhancing trade in goods, services, and investments. Key sectors for New Zealand include horticulture, wood products, and sheep wool, while India gains duty-free access for textiles, apparel, engineering goods, leather, footwear, and marine products. Both leaders express enthusiasm, with New Zealand pledging $2 billion in investments over fifteen years. The deal, set to be formally signed in the first quarter of next year, is expected to boost trade, investment, and innovation between the nations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.