New Zealand Parliament passes India FTA legislation with 93-29 vote
- New Zealand's Parliament passed the India Free Trade Agreement FTA legislation with a 93-29 vote.
- 57% of New Zealand’s exports to India will become duty-free immediately, this increase to 95% once the FTA is fully implemented.
- NZ's kiwifruit industry alone expects to save around $125 million in tariffs over five years.
- PM Modi and NZ PM Christopher Luxon aim to double two-way trade by 2030, with the FTA set to take effect this year.
Source: ndtvprofit.com
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