New Zealand’s Parliament passed legislation needed for the free trade agreement with India by a 93-29 vote. The pact will make 57 per cent of New Zealand exports to India duty-free initially, with tariffs removed or reduced on 95 per cent eventually.
Prime Minister Narendra Modi said the India-New Zealand Free Trade Agreement will strengthen bilateral economic ties by boosting trade, investment and talent mobility. Addressing business leaders in Auckland, he invited New Zealand companies to invest in India's rapidly growing economy and infrastructure sectors.
