India-New Zealand FTA takes effect, gives Indian exports zero-duty access
The India-New Zealand Free Trade Agreement (FTA) took effect on October 20, eliminating import duties on various Indian goods. This agreement secures zero-duty access for products from sectors like leather and textiles while reducing tariffs on 95% of New Zealand's imports into India. New Zealand also pledged to invest $20 billion in India over the next 15 years.