16-September-2026
Economy News
 
New Zealand parliament passes 'once-in-a-generation' India trade deal, cutting tariffs on most exports
16-Sep-2026

New Zealand's parliament on Wednesday passed legislation to implement a free trade agreement with India, under which tariffs on about 95% of New Zealand exports to India would be eliminated or significantly reduced. The legislation passed by a vote of 93-29, with support from the opposition Labour Party. More than half of all products covered would become duty-free from the day it takes effect. "For exporters, the benefits are immediate and substantial," New Zealand Trade Minister Todd McClay said in a statement.

News Source:- https://economictimes.indiatimes.com/news/economy/foreign-trade/new-zealand-parliament-passes-once-in-a-generation-india-trade-deal-cutting-tariffs-on-most-exports/articleshow/134278891.cms