New Delhi, Oct. 20 -- The India-New Zealand Free Trade Agreement (FTA) comes into effect on Tuesday, giving Indian exporters duty-free access across the New Zealand market and opening opportunities to expand trade, attract investment and strengthen agricultural cooperation between the two countries.

The agreement is expected to benefit labour-intensive sectors such as textiles, apparel, leather and footwear, where tariffs of up to 10 per cent will be eliminated from the outset. Engineering goods, pharmaceuticals, machinery, chemicals and agricultural products are among the other sectors expected to gain from improved market access, according to the Ministry of Commerce and Industry.

Union Commerce and Industry Minister Piyush Goyal on M...