India And New Zealand To Sign FTA On April 27 in New Delhi

India and New Zealand will sign a free trade agreement (FTA) on April 27 in New Delhi. 

The free trade deal aims to provide tariff-free access to the island nation’s market for domestic exporters’ goods and will bring in $20 billion in investment over the next 15 years, according to an official. 

Under the pact, New Zealand will also get duty-free access to goods such as sheep meat, wool, coal and over 95 per cent of forestry and wood articles. 

“The proposed pact will be signed on April 27 in



Bharat Mandapam followed by a meeting of the India-New Zealand Business Forum,” the 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. 

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.