New Delhi, April 27 -- India and New Zealand on Monday signed the long-awaited India-New Zealand Free Trade Agreement (FTA) in the presence of Commerce and Industry Minister Piyush Goyal and New Zealand's Trade and Investment Minister Todd McClay.

The agreement is expected to significantly strengthen bilateral economic ties by boosting trade, enhancing market access and encouraging investment flows between the two countries.

Aim to double trade, attract investments

The FTA seeks to double bilateral trade from current levels and is expected to bring in around USD 20 billion in investment into India over the next 15 years. Bilateral trade currently stands at about USD 2.4 billion, with merchandise trade at USD 1.3 billion in 2024-25.

Un...