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India and New Zealand finalize a trade deal to cut tariffs on most goods, aiming to double bilateral trade by 2030.
India and New Zealand have finalized a comprehensive free trade agreement set for signing in early 2026, eliminating tariffs on over 95% of New Zealand’s wood exports to India and granting India zero-duty access to New Zealand markets.
The deal aims to boost bilateral trade—currently $2.4 billion—to $4.8 billion within five years, with New Zealand targeting $1.1 billion to $1.3 billion in annual export growth.
Key sectors include Indian textiles and engineering goods, and New Zealand’s wood, horticulture, and livestock products.
New Zealand pledged $20 billion in investments over 15 years.
India excluded dairy, onions, almonds, and certain animal products due to domestic concerns.
The agreement, while seen as a framework for future growth, marks a significant step amid global trade shifts.
India y Nueva Zelanda finalizan un acuerdo comercial para impulsar las exportaciones y las inversiones, eliminando los aranceles sobre la mayoría de los bienes.