India, NZ to ink FTA today; enforcement later this year
New Delhi, April 27 -- The India-New Zealand free trade agreement (FTA) is likely to come into force later this year after both countries sign the pact today, as the treaty must undergo parliamentary scrutiny in New Zealand before it is operationalised, people familiar with the matter said.
In New Zealand, the signed FTA will be reviewed by the Parliament's foreign affairs, defence and trade committee (FADTC). Following a national interest analysis, which includes a public consultation, the committee will submit its report to Parliament for ratification, the people said, requesting anonymity. The process is expected to take at least six months.
Prime Minister Christopher Luxon on Sunday confirmed the signing of the agreement. "It's once in ...
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