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India and New Zealand sign a free trade agreement (FTA) on Monday.
India and New Zealand signed an FTA cutting tariffs on 95% of New Zealand exports to India.
KEY POINTS
- New Zealand committed to invest $20 billion in India as part of the agreement.
- India excluded sensitive agricultural sectors like dairy from market access commitments in the FTA.
- The deal establishes 5,000 temporary employment and 1,000 working holiday visas for Indian citizens.
- Immediate duty-free access is granted to New Zealand dairy and food ingredients intended for re-export.
COMPANIES
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