Hyderabad, April 27 -- The Federation of Indian Export Organisations on Monday welcomed the signing of the India-New Zealand Free Trade Agreement (FTA), stating that the pact will significantly enhance export opportunities and strengthen bilateral trade relations.
In a statement, FIEO President S C Ralhan said the agreement would provide improved market access for Indian exporters in sectors such as agriculture, textiles, pharmaceuticals, engineering goods, and services including IT, business services, education, construction and healthcare.
He noted that reduced tariff barriers and simplified trade procedures would improve the competitiveness of Indian businesses in the New Zealand market.
The FTA, he added, would also help diversify In...