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The pact was signed by Commerce and Industry Minister Piyush Goyal and visiting New Zealand's Trade and Investment Minister Todd McClay.
India secured duty-free access for 100% of its exports to New Zealand in the new FTA.
KEY POINTS
- India will receive duty-free inputs like wooden logs and coking coal to lower manufacturing costs.
- India excluded sensitive products like dairy and major agricultural goods from tariff concessions.
- A new rebalancing clause ensures investment commitments are met, targeting $20 billion into India.
COMPANIES
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