India-New Zealand FTA: Furniture, Kiwi Cheaper; Boost for Trade, Investment, Jobs

• India and New Zealand announced a comprehensive Free Trade Agreement (FTA) after 9 months of negotiations.
• The FTA aims to double bilateral trade in 5 years and includes a $20 billion investment from New Zealand in India over 15 years.
• Indian consumers can expect cheaper furniture, kiwi, apples, and woolen clothes due to reduced import duties on raw materials.
• New Zealand offers zero-duty market access for 100% of India's exports, boosting sectors like textiles, leather, and engineering goods.
• The agreement includes 5,000 temporary employment visas for professionals and 'Centers of Excellence' for agriculture in India.

Why It Matters: India-New Zealand FTA promises cheaper goods, increased trade, investment, and job opportunities for both nations.