Wellington, Dec. 22 -- New Zealand Prime Minister Christopher Luxon on Tuesday hailed the Free Trade Agreement with India, calling it an "excellent" deal amid potential gains for the country's exporters.

In an X post, the New Zealand PM said the FTA reduces or eliminates tariffs on 95 per cent of its exports to India, which he stated will support farmers, manufacturers, and exporters.

He said, "One of the most important parts of my job is getting out and hustling for New Zealand on the world stage. We've just concluded an excellent Free Trade Agreement with India - and it's a credit to the hard work and persistence of Todd 'Trade' McClay and our negotiating team. The FTA reduces or removes tariffs on 95 per cent of our exports to India....