π India-NZ trade deal goes live on Oct 20
The India-New Zealand Free Trade Agreement officially kicks in on October 20, securing duty-free access for 100% of Indian exports to New Zealand. Commerce Minister Piyush Goyal announced this during a virtual meeting in New Delhi, following negotiations that concluded in nine months. As of 2024-25, bilateral merchandise trade grew 49% to $1.3 billion. This pact also means New Zealand will cut tariffs on 95% of its exports like wine and apples. Both leaders aim to double bilateral trade to almost Rs 35,000 crore by 2030. π€