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India gains 100% duty-free mkt access, $20 bn FDI commitments in 15 years.
India secured 100% duty-free market access and a $20 billion FDI commitment from New Zealand over 15 years.
KEY POINTS
- India will protect sensitive sectors like dairy, sugar, and edible oils with quotas and safeguards.
- New Zealand wine will see sharply reduced tariffs, but only for bottles priced above $5 each.
- The FTA expands mobility options for Indians, including 5,000 skilled worker and 1,000 work-holiday visas annually.
- New Zealand has promised services sector MFN treatment in 139 sectors, the widest such offer to India yet.
COMPANIES
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