India-New Zealand FTA ratified, to come into effect on October 20

India and New Zealand have finalized their Free Trade Agreement (FTA), which is set to take effect on October 20. This deal is expected to significantly boost bilateral trade between the two countries, with New Zealand removing all tariffs on goods imported from India. In return, India will reduce or eliminate tariffs on 95% of its current imports from New Zealand. This agreement aims to double the trade between the two nations, benefiting businesses and economies in both countries.

Why it matters

The FTA will remove tariffs on goods imported from India to New Zealand. This could lead to increased exports from India to New Zealand.

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