India, New Zealand Seal Landmark Trade Deal; Tariffs Slashed on 95% Kiwi Goods

• India and New Zealand concluded a comprehensive Free Trade Agreement (FTA) in a record nine months, one of India's fastest with a developed economy.
• The deal grants zero-duty market access for Indian exports to New Zealand, while India liberalizes tariffs on 95% of New Zealand's goods.
• The FTA covers trade in goods, services, investment, and includes mobility provisions for Indian students and professionals, offering post-study work and temporary visas.
• New Zealand committed to facilitating $20 billion in investments in India over 15 years and offered market access in IT, tourism, financial, and education sectors.
• The agreement also features agricultural cooperation, including centers of excellence for products like apples and kiwifruit, with sensitive sectors excluded from tariff commitments.

Why It Matters: India-New Zealand FTA boosts trade, investment, and professional mobility, marking a new era of cooperation.