New Delhi, July 14 -- The free trade agreement (FTA) between India and New Zealand is likely to come into effect by the end of the year, according to New Zealand's Minister for Trade and Investment, Todd McClay.

Speaking with ANI, McClay stated that both governments want the agreement to enter into force as quickly as possible. The pact has already passed its first reading vote in the New Zealand Parliament by 93 votes to 26 and is currently undergoing the formal legislative process.

"I think both governments would like the agreement to enter into force before the end of the year. It is a trade agreement worth celebrating. And as a result of the very high quality of the agreement, the negotiation, businesses in both countries will benef...