India-New Zealand Free Trade Agreement ratified, effective October 20

India and New Zealand have ratified their Free Trade Agreement, which will come into force on October 20. Under the pact, New Zealand will eliminate all tariffs on goods imported from India, while India will remove or reduce tariffs on 95 per cent of its current imports from New Zealand.

The agreement is expected to boost bilateral trade and economic ties between the two nations. The FTA covers trade in goods and services, with provisions aimed at facilitating commerce across multiple sectors.