India-New Zealand free trade agreement takes effect
A free trade agreement between India and New Zealand came into force, giving Indian exports zero-duty access. It also creates two new temporary employment visa categories for Indian nationals.
Why it matters
The pact lowers trade barriers and opens new work routes between India and New Zealand.
Background
India has been negotiating trade agreements with several partners to expand exports. New Zealand has a significant Indian diaspora.
Sources
- The Hindu ↗Oct 20, 4:47 AM ET
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