India-New Zealand ties get a boost with trade deal and closer sea cooperation
- India and New Zealand have strengthened their partnership through a new Free Trade Agreement and closer maritime cooperation.
- The FTA gives Indian goods duty-free access to New Zealand, while reducing tariffs on New Zealand exports.
- Both countries aim to double their bilateral trade to $4 billion by 2030.
- India and New Zealand are also moving towards stronger maritime cooperation, including naval exercises and information sharing.
Source: thehansindia.com
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