New Delhi, Dec. 22 -- The India-New Zealand Free Trade Agreement (FTA) is expected to deliver a significant boost to India's exports, with New Zealand offering zero-duty market access on 100 per cent of its tariff lines covering all Indian exports from the date of entry into force.
Labour-intensive sectors are among the biggest gainers. With New Zealand eliminating tariffs that earlier peaked at up to 10 per cent, Indian exporters of textiles and clothing will receive zero-duty access across 1,057 tariff lines.
India's textile and apparel exports rose to USD 36.9 billion in 2024-25, while exports to New Zealand increased to USD 103 million, a trend expected to accelerate given New Zealand's annual global textile imports of nearly USD 1....
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