New Delhi/IBNS, Dec. 22 -- In a significant diplomatic success, India and New Zealand on Monday signed the Free Trade Agreement (FTA), ending negotiations that began in March this year, media reports said.

The agreement was announced following a telephonic conversation between Prime Minister Narendra Modi and his New Zealand counterpart Christopher Luxon.

In a social media post, Modi described the agreement as "an important moment" for bilateral ties "with a strong push to bilateral trade and investment!".

Modi said the FTA ensures "enhanced market access, deeper investment flows, numerous opportunities for innovators, entrepreneurs, farmers, MSMEs, students and youth".

Stating that the FTA will remove tariffs on 95 per cent of New Ze...