India, New Zealand finalize free trade deal to boost economic ties
Indian Prime Minister Narendra Modi highlighted the rapid nine-month negotiation process on X, calling the agreement a reflection of “strong political will and shared ambition” between the countries. Talks initially began during New Zealand Prime Minister Christopher Luxon’s visit to India in March.
Under the pact, New Zealand will invest $20 billion over the next 15 years in sectors including manufacturing, infrastructure, services, innovation, and employment. It also introduces temporary work visas for up to 5,000 Indian professionals at any time, allowing stays of up to three years. The formal signing is expected within three months.
This is India’s third free trade deal in 2025, following agreements with the UK in July and Oman last week. Meanwhile, India is pursuing trade talks with the US and other nations to address tariffs and expand preferential trade access.
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