New Zealand says agreed free trade deal with India
Summary
New Zealand and India have agreed on a comprehensive free-trade deal eliminating tariffs on 95% of New Zealand's exports, set to take effect next year, promising job creation and economic growth despite criticism from New Zealand First party.
Key Points
- New Zealand agreed to a broad free-trade deal with India removing tariffs on 95% of its exports.
- The deal is expected to create thousands of jobs and billions in additional exports for New Zealand.
- New Zealand First coalition partner criticized the deal as unfavorable, especially regarding immigration and dairy.
- Indian Prime Minister Narendra Modi and New Zealand PM Christopher Luxon endorsed the deal as a basis for deeper ties and innovative opportunities.
