New Zealand and India Sign Historic Free Trade Agreement Boosting Jobs and Exports
New Zealand and India have signed a landmark Free Trade Agreement (FTA) that eliminates or reduces tariffs on 95% of New Zealand’s exports, boosting job creation, economic growth, and export diversification. Key benefits include immediate duty-free access to major products like sheep meat, wool, seafood, and forestry exports, as well as significant tariff cuts on kiwifruit, wine, mānuka honey, and dairy, with many tariffs phased out over a period of up to ten years. The agreement also activates a parliamentary review process and includes a Most Favoured Nation clause, ensuring New Zealand exporters gain enhanced market access comparable to that of the European Union.