India-New Zealand Free Trade Agreement: 57 percent of everything we export to India will be duty-free, says Christopher Luxon | Today’s news

New Zealand Prime Minister Christopher Luxon said on Thursday that more than half of the country’s exports to India will be duty-free from day one of a free trade agreement between the two countries.

“New Zealand businesses are booming thanks to our trade deal with India. 57% of everything we export to India will be duty-free from day one,” Luxon said in a post on X.

India and New Zealand signed a Free Trade Agreement (FTA) in New Delhi in April, a major step towards strengthening economic ties between the two countries.

Union Commerce and Industry Minister Piyush Goyal said the agreement was finalized after years of high-level discussions and would be signed in the presence of the two leaders. The goal of the free trade agreement is to double bilateral trade to five billion dollars in the next five years.