India, May 1 -- The India - New Zealand Free Trade Agreement has been signed, on April 27, 2026, encompassing goods, services, investment, mobility, and regulatory cooperation. This agreement is not merely concerned with the conventional act of reduction in tariffs; rather, it also incorporates Micro, Small, and Medium Enterprises (MSMEs), innovation and standards.

It is noteworthy that, currently, various types of trade agreements are observed across the globe. One such category is of multilateral agreements. Based on the 'GATT' agreement, the World Trade Organisation (WTO) came into existence in 1995; this was a multilateral trade agreement that, at that time, included 123 member nations. Subsequently, additional countries joined the p...