International

New Zealand Parliament Approves India Free Trade Agreement With 93-29 Vote

Hindustan Times2h
THE BRIEF
1

New Zealand's Parliament approved legislation to implement its free trade agreement with India by a 93-29 vote, targeting implementation in October.

2

The trade deal eliminates tariffs on 57% of New Zealand exports immediately and up to 95% of exports once fully implemented.

3

Bilateral trade between the two nations totalled $2.4 billion in 2024, with New Zealand also committing to facilitate $20 billion in investment into India over 15 years.