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The agreement is part of India’s push to diversify exports amid global trade tension.
New Zealand has pledged to invest $20 billion in India as part of the trade agreement.
KEY POINTS
- India excluded sensitive agricultural sectors like dairy and spices from market access commitments to protect producers.
- New Zealand will provide market access in 118 services sectors and offer 5,000 temporary Indian employment visas.
- Tariffs on New Zealand wine will be lowered over 10 years, and some dairy products gain phased duty-free access.
COMPANIES
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