India, New Zealand Ink Landmark FTA; Boosts Trade, Investment

• India and New Zealand signed a landmark Free Trade Agreement (FTA) to boost economic ties.
• The FTA eliminates/reduces tariffs on 95% of New Zealand's exports to India, with over half duty-free on Day One.
• Aims to deepen economic engagement, enhance market access, promote investment, and strengthen strategic cooperation.
• This is India's seventh FTA, following deals with Mauritius, UAE, Australia, EFTA, UK, and Oman.
• FTAs reduce trade barriers like tariffs, boost exports/imports, and attract foreign investment.

Why It Matters: India and New Zealand's new FTA will significantly boost trade and investment, marking India's seventh such pact.