India-New Zealand FTA to kick in on Dussehra; duty-free access, $20 bn investment to boost trade

India and New Zealand are set to operationalise their Free Trade Agreement (FTA), marking a major milestone in bilateral economic ties. Commerce Minister Piyush Goyal and New Zealand’s Trade Minister Todd McClay outlined the opportunities the agreement could create for exporters, farmers, MSMEs and businesses in both countries. The deal provides 100% duty-free access for Indian goods entering New Zealand.The two countries are targeting $7 billion in bilateral trade in goods and services by 2030. Here are the key takeaways from both ministers’ addresses.