India-New Zealand FTA comes into effect today
The India-New Zealand free trade agreement (FTA) came into effect on October 20, aiming to double bilateral trade to NZ$7 billion (approximately ₹35,000 crore) by 2030. Indian exporters will gain 100% duty-free access to New Zealand, with significant benefits expected for sectors like textiles and agriculture. The pact is viewed as a crucial step for future economic cooperation.