New Delhi, April 24 -- New Zealand Prime Minister Christopher Luxon on Friday announced that India and New Zealand are set to sign the historic Free Trade Agreement (FTA) on Monday.
The FTA will provide tariff-free access for Indian goods in the New Zealand market and attract up to USD 20 billion in investment over the next 15 years. It will also eliminate duty on 100 per cent of Indian Exports.
Through the FTA, both countries collaborate with farmers to boost productivity and integrate them into the global value chains. The FTA boosts MSMEs and jobs through zero-duty access for labour-intensive sectors, including textiles, apparel, leather, footwear, gems & jewellery, engineering goods, and processed foods.
India has offered market acce...