Summary:

Prime Minister Christopher Luxon has referred to the India-New Zealand Free Trade Agreement as a "once-in-a-generation opportunity." It is anticipated that the agreement will enhance market access, reduce trade obstacles, and increase collaboration in manufacturing, technology, services, and agriculture. Easy commerce in services and duty-free access to a wide range of goods would boost export competitiveness and generate business opportunities. Additionally, it encourages more varied trade alliances and increased Indo-Pacific engagement. Increased investments, joint ventures, and innovation are all likely to result from the deal. Skill exchange will increase with improved regulatory collaboration and easier mobility for professionals. Long-term bilateral growth is supported by New Zealand's agricultural and sustainable knowledge and India's sizable consumer market and manufacturing might.

Source: IBEF

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