New Delhi, July 9 -- New Zealand Prime Minister Christopher Luxon on Thursday said that more than half of the country's exports to India will be tariff-free from day one as part of the Free Trade Agreement between the two countries.

"New Zealand businesses are set to boom with our India Trade Deal. 57% of everything we export to India will be tariff free from day one," Luxon said in a post on X.

India and New Zealand signed a Free Trade Agreement (FTA) in New Delhi in April, marking a significant step towards strengthening economic ties between the two countries.

Union Commerce and Industry Minister Piyush Goyal said the agreement was finalised after years of high-level discussions and will be signed in the presence of both leaders. Th...