The pact aims to double trade to USD 5 billion in five years and attract USD 20 billion in investment over 15 years
ndia will gain 100% tariff-free access for its exports, while New Zealand will see reduced or zero duties on 95% of its exports to India. The agreement also includes a services provision offering Indian professionals up to 5,000 work visas annually in New Zealand.
India and New Zealand will sign a free trade agreement (FTA) on April 27 here, an official said on Thursday.
The free trade pact aims to provide tariff-free access to the island nation’s market for domestic exporters’ goods and will bring in USD 20 billion in investment over the next 15 years.
The two countries on December 22 last year announced the conclusion of negotiations for the trade deal which aims at doubling bilateral trade to USD 5 billion in the next five years.
