India and New Zealand are expected to sign a Free Trade Agreement (FTA) on April 24 here, which will provide tariff-free access to domestic exporters for their goods in the island nation’s market, and will bring in USD 20 billion of investment over the next 15 years, an official said.
The two countries on December 22 last year announced the conclusion of negotiations for the trade deal which aims at doubling bilateral trade to USD 5 billion in the next five years.
The official said that the pact is likely to be signed on April 24 in Bharat Mandapam.
While India will get zero-duty market access on 100 per cent of its exports, the agreement will eliminate or reduce tariffs on 95 per cent of New Zealand’s exports to India, including items ranging from wool, coal, wood, wine, to avocados and blueberries.
However, New Delhi has made no duty concessions on allowing imports of dairy like milk, cream, whey, yoghurt, and cheese; onions, sugar, spices, edible oils and rubber to protect farme​India and New Zealand are expected to sign a Free Trade Agreement (FTA) on April 24 here, which will provide tariff-free access to domestic exporters for their goods in the island nation’s market, and will bring in USD 20 billion of investment over the next 15 years, an official said.
The two countries on December 22 last year announced the conclusion of negotiations for the trade deal which aims at doubling bilateral trade to USD 5 billion in the next five years.
The official said that the pact is likely to be signed on April 24 in Bharat Mandapam.
While India will get zero-duty market access on 100 per cent of its exports, the agreement will eliminate or reduce tariffs on 95 per cent of New Zealand’s exports to India, including items ranging from wool, coal, wood, wine, to avocados and blueberries.
However, New Delhi has made no duty concessions on allowing imports of dairy like milk, cream, whey, yoghurt, and cheese; onions, sugar, spices, edible oils and rubber to protect farme ​Latest News [ SOBAN NEWS: International and National ]
