India-New Zealand FTA ratified, to come into effect on October 20
The India–New Zealand Free Trade Agreement has been ratified and will enter into force on October 20. Under the deal, New Zealand will remove tariffs on all goods imported from India, while India will remove or reduce tariffs on 95% of its current imports from New Zealand. India's dairy and sensitive agriculture sectors are protected. The pact aims to double bilateral trade.
Nabka Insight
A new FTA reshapes India's trade access with New Zealand from October 20.
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- The India–NZ FTA enters into force on October 20.
- New Zealand removes all tariffs on goods imported from India.
- India removes or reduces tariffs on 95% of current imports from NZ.
- India's dairy and sensitive agriculture sectors are protected; the deal aims to double bilateral trade.
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