India-New Zealand FTA Kicks In: Key Sectors Set To Benefit (AI-generated Image)
\n\nThe India-New Zealand Free Trade Agreement has come into effect and marks a new phase in bilateral trade relations. Experts believe the implementation of this Free Trade Agreement will improve market access and create opportunities across sectors. They also feel Indian exporters could benefit from better access to the New Zealand market. Agriculture, textiles, pharmaceuticals and engineering goods are among the sectors to watch as the trade deal takes effect.
\n\nJayant Krishna, Senior Fellow, Center for Strategic and International Studies (CSIS) and Former Group CEO, UK India Business Council (UKIBC) said, "the beauty of the India-New Zealand Free Trade Agreement (FTA) is that it grants 100% duty-free access for all Indian goods exported to New Zealand right from day one. Even though New Zealand may not be a heavy consuming nation, the FTA throws open many opportunities for Indian exports like apparels, textiles, pharmaceuticals, engineering goods & machinery, gems & jewellery, leather goods, agriculture products, processed foods and even raw materials like metal scrap, coking coal and wood. On the services front, this FTA opens floodgate of opportunities in sectors such as software, engineering, healthcare, and education. A…
Original source: https://www.timesnownews.com/business-economy
