AIMING TO double bilateral trade over the next five years, India and New Zealand Monday announced the conclusion of negotiations on a free trade agreement. Describing the FTA as a “big deal”, Luxon said boosting trade would translate into more jobs, higher wages, and expanded opportunities for businesses. The lopsided nature of the tariff rates could result in higher gains for New Zealand than for India in goods trade, experts said. New Zealand could expand dairy and horticulture exports to India even at MFN tariffs, while India could scale up exports of pharmaceuticals, textiles and IT services to New Zealand. In trade deal

Source: Indian Express December 23, 2025 03:20 UTC