Economy
India-New Zealand Free Trade Agreement Comes Into Force
The Hindu2h
THE BRIEF
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India's free trade agreement with New Zealand came into force on Tuesday, eliminating 100% tariffs on Indian exports and introducing $20 billion in foreign direct investment.
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The pact introduces two new Temporary Employment Entry visa categories for highly skilled Indian nationals and iconic professions, allowing up to 5,000 holders at once.
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New Zealand exporters receive tariff concessions on 70% of product lines covering 95% of bilateral trade value, alongside protective minimum import price provisions for domestic farmers.