New Delhi, April 27 -- India and New Zealand have today signed a free trade agreement (FTA), aimed at boosting two-way commerce and investments, as per a report by PTI. It added that the deal was signed by Union Commerce and Industry Minister Piyush Goyal and visiting New Zealand's Trade and Investment Minister Todd McClay.

The FTA provides duty-free access for 100 per cent of India's exports to New Zealand, covering all tariff lines or produce categories, and is expected to significantly boost MSMEs and employment by enhancing competitiveness in labour-intensive sectors such as textiles, apparel, leather, footwear, gems and jewellery, engineering goods, and processed foods.

Earlier, New Zealand maintained peak tariffs of up to 10 per c...