business ๐ฅ NZ passes free trade deal with India, cuts import duties
New Zealand's Parliament officially passed the bill to implement its free trade agreement with India. This move involves both nations, with the agreement signed on April 27. The legislation passed with 93 votes in favour and 29 against. The deal eliminates or significantly reduces tariffs on 95% of New Zealand's exports to India. Wellington has also committed to investing $20 billion in India over the next 15 years. ๐ฅ