57% of NZ exports to India to be tariff-free from day 1: PM Luxon

The recently-signed free trade agreement (FTA) between New Zealand and India would allow 57 per cent of the former’s exports to enter the latter’s market tariff-free from the first day, Prime Minister (PM) Christopher Luxon has said.“New Zealand businesses are set to boom with our India Trade Deal. 57 per cent of everything we export to India will be tariff free from day one,” he posted on microblogging platform X.

The New Zealand-India FTA would allow 57 per cent of the former’s exports to enter the latter’s market tariff-free from the first day, PM Christopher Luxon said.
Indian PM Narendra Modi will arrive in New Zealand on July 10 on a two-day state visit.
Luxon said the FTA will open up fresh opportunities for New Zealand businesses by providing greater access to India’s 1.4 billion consumers.

Indian PM Narendra Modi will arrive in New Zealand on July 10 on a two-day state visit—the first state visit by an Indian PM to the country in nearly four decades.

In a post on social media platform X, Luxon said the agreement would provide a major boost to New Zealand businesses by expanding their access to one of the world’s fastest-growing economies.

Earlier, announcing on X Modi’s visit, Luxon said the FTA, signed in April, would deepen bilateral ties while driving higher exports, job creation and stronger economic growth for New Zealand.

According to Luxon, the agreement will open up fresh opportunities for New Zealand businesses by providing greater access to India’s 1.4 billion consumers, and boosting incomes and employment across the country.

Fibre2Fashion News Desk (DS)