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NZ and India Seal Major Trade Deal | Perth News
Description
New Zealand just sealed a historic trade deal with India, passing it in parliament with a landslide 93-29 vote — even earning Labour’s backing. The agreement slashes duties on over half of all traded goods, kicking in immediately and fully operational by year’s end. Trade Minister Todd McClay hailed it as a major win for exporters, promising tangible benefits within this term. India’s goods now enjoy duty-free access to New Zealand, while Wellington pledges $20 billion in investment over 15 years — a bold signal of deepening ties. Signed in April, the deal now awaits final ratification from both sides, poised to unlock new business and investment opportunities between the two nations.
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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.perthnow.com.au/news/politics/nz-parliament-passes-india-trade-deal-to-cut-tariffs-c-22877254
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