New Delhi, Dec 22: Prime Ministers Narendra Modi and Christopher Luxon announced the successful conclusion of the India-New Zealand Free Trade Agreement (FTA) during a recent phone call, aiming to double bilateral trade over the next five years and secure $20 billion in New Zealand investments in India over 15 years.
The FTA, concluded in nine months, eliminates and reduces tariffs on 95% of New Zealand’s exports, enhancing market access and promoting investment.
This agreement is expected to deepen economic ties and provide new opportunities across multiple sectors, with both leaders reaffirming their commitment to strengthen bilateral cooperation in sports, education, and other areas.
