The record
Written from the 1 report below. Nothing here is unsourced.
- New Zealand's Parliament has passed a free trade agreement with India, voting 93-29 in favour of the legislation.
- Prime Minister Christopher Luxon called the deal a landmark one that will mean more jobs and higher incomes for New Zealanders and open the door to 1.4 billion Indian consumers.
- The agreement was signed by India and New Zealand on April 27, and India's commerce secretary said it could become operational as soon as October.
- New Zealand will give duty-free access to all Indian exports covering 100 per cent of tariff lines, while India has offered market access across about 70 per cent of tariff lines and excluded sensitive sectors such as dairy and sugar.
- New Zealand has also committed to investing USD 20 billion in India over the next 15 years, a step aimed at deepening economic ties between the two countries.
What to watch next
- India's push to bring the FTA into force, with a possible operational date in October.
- Phased tariff eliminations scheduled over three, five, seven or 10 years for covered products.
- Progress of New Zealand's committed USD 20 billion investment in India over the next 15 years.
Who said what2
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Christopher Luxon
Prime Minister of New Zealand
1 quote · 1 outlet
“This landmark deal means more jobs, higher incomes for Kiwis. It means more New Zealand products being sold in India by opening the door to 1.4 billion Indian consumers”
In the article
…“landmark” deal, which will ensure more jobs and higher income for ‘Kiwis’. “People told me a Free Trade Agreement with India wasn’t possible. Well, today that deal passed its final vote in Parliament. It’s happening. This landmark deal means more jobs, higher incomes for Kiwis. It means more New Zealand products being sold in India by opening the door to 1.4 billion Indian consumers ,” he wrote in a post on X. “It’s one of the ways we will grow the economy to help you get ahead – fixing the basics and building the future.” The FTA was cleared with lawmakers voting 93-29 in favour of the…
Todd McClay
Trade Minister of New Zealand
1 quote · 1 outlet
“The India FTA opens the door for Kiwi exporters to one of the world’s largest and fastest-growing economies”
In the article
…passed with the support of the ruling National Party and the main opposition Labour Party, securing a clear majority in Parliament, news agency ANI reported. The FTA was signed by India and New Zealand on April 27. “ The India FTA opens the door for Kiwi exporters to one of the world’s largest and fastest-growing economies ,” Trade Minister Todd McClay said in Wellington. “Parliament today overwhelmingly backed the long-term benefits the agreement will deliver for all New Zealanders," according to Bloomberg. Commerce secretary Rajesh…
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Coverage1
All filed from India
Named New Zealand · India · Christopher Luxon · Labour Party · National Party · New Zealand Parliament · Rajesh Agrawal · Todd McClay
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