India, New Zealand Sign ‘Once-in-a-Generation’ Trade Deal
Operations at the Port of Tauranga in New Zealand.
Photographer: Mike Scott/The New Zealand Herald/Getty ImagesIndia and New Zealand have signed a free-trade agreement that slashes tariffs on most goods and expands market access, as tensions in the Middle East weigh on global commerce.
The pact, concluded in December, will see New Zealand scrap duties on all Indian goods and ease mobility rules for students and workers from the South Asian nation, while New Delhi will cut tariffs on 95% of imports from the South Pacific nation.