India, New Zealand to sign FTA on April 27, aim for $20 bn investments
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India and New Zealand will sign a free trade agreement (FTA) on April 27, aiming for $20 billion in investments over the next 15 years. The FTA will provide tariff-free access for Indian exports and reduce tariffs on 95% of New Zealand's exports to India. However, India will not concede duties on certain agricultural imports to protect local farmers. The agreement also includes a visa pathway for 5,000 Indian professionals annually. Bilateral trade is projected to double to $5 billion in five years, with current trade at $2.4 billion.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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