New Delhi, April 28 -- India and New Zealand reached a milestone in their economic relations through the India-New Zealand Free Trade Agreement (IN-NZ FTA), which secured zero-duty access for all Indian exports and a massive long-term investment commitment.

Union Minister Piyush Goyal, while addressing the media, confirmed that the agreement established a comprehensive framework for cooperation across education, technology, and traditional medicine. The deal specifically targeted a significant increase in foreign direct investment from New Zealand over the next quarter-century to boost domestic industry and employment.

"100% of goods that can be imported from India to New Zealand will now be subject to zero duty...Partnerships in educat...