India, Dec. 23 -- New Zealand Foreign Affairs Minister Winston Peters has sharply criticised the recently concluded India-New Zealand Free Trade Agreement (FTA), calling it "neither free nor fair" and warning that it represents a bad deal for New Zealand.

"We consider the India-New Zealand Free Trade Agreement to be neither free nor fair," Peters wrote in a post on X.

In a detailed statement, Peters said the agreement gives away too much while offering limited benefits in return.

Peters said his party, New Zealand First, had urged its coalition partner not to rush into finalising what he described as a low-quality agreement.

"We urged National not to rush into concluding a low-quality deal with India and to use the full three years of...