New Delhi, April 28 -- The India New Zealand Free Trade Agreement (FTA) is expected to provide significant boost to Indias textile sector by improving market access and reducing tariff barriers, Textiles Ministry has said.
The Ministry stated that the agreement reflects a forward-looking partnership focused on growth and shared economic benefits.
The New Zealand market presents opportunities for Indian exports of textiles, apparel, and made-ups.
With a population of about 5.3 million and a per capita income of nearly USD 52,000, New Zealand offers potential for high-value textile exports.
Apparel accounts for around 65 percent of its textile imports, with key categories including casual wear, jackets, formal wear, and sportswear. ...