India, New Zealand Finalise FTA to Double Trade in Five Years
India has secured $ 20 billion investment commitment over 15 years and zero duty access to the New Zealand market for all its products in the free trade agreement (FTA) finalised on Monday in return for allowing imports of sheep meat, wines, apples, wood, petroleum, steel and aluminium on reduced duties.
The conclusion of the negotiations on the FTA which took nine months was announced after a telephonic conversation between Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon. The agreement is likely to come into force by...
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