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Prime Minister Narendra Modi said on X that the FTA will benefit Indian farmers, youth, women, MSMEs, artisans, startups, students and innovators.
New Zealand has committed to invest $20 billion in India over 15 years under the FTA.
KEY POINTS
- India has offered tariff liberalisation on 70% of tariff lines, granting duty-free access for 100% of its exports to New Zealand.
- New Zealand is the first country to secure preferential access for apples in any Indian FTA, including specific quotas.
- A new fast-track mechanism will permit duty-free New Zealand dairy ingredients for Indian further manufacturing and export.
- A temporary employment pathway will allow up to 5,000 skilled Indian professionals to work in New Zealand simultaneously.
COMPANIES
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