India New Zealand Trade Pact Opens a New Chapter for Textiles and Talent
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India and New Zealand have taken a decisive step toward deeper economic integration by concluding negotiations for a comprehensive free trade agreement. The pact, expected to be signed within the next three months and implemented next year, promises duty free access in New Zealand for a wide range of Indian goods, placing textiles, apparel, footwear, engineering products, and marine exports at the center of a new growth phase.
The agreement marks a strategic win for India labour intensive sectors, enhancing competitiveness in a premium and stable market. By eliminating tariffs across all New Zealand tariff lines, the deal creates a level playing field for Indian exporters and strengthens supply chain linkages. Notably, India has safeguarded domestic interests by excluding dairy concessions, an area of sensitivity for Indian farmers.
Boost for Manufacturing and Services
Beyond goods, the agreement unlocks significant opportunities in services. India has secured access across high value segments such as information technology, professional services, education, financial services, tourism, construction, and business consulting. These commitments are expected to support high skill employment and deepen people to people engagement between the two economies.
Mobility and Opportunity
A standout feature of the pact is the enhanced mobility framework. Indian professionals, students, and youth will benefit from improved entry and stay provisions, including work opportunities during studies, post study pathways, and a new working holiday visa structure. A dedicated skilled employment pathway introduces a temporary employment visa with a quota of five thousand professionals, allowing stays of up to three years in key occupations ranging from technology and engineering to healthcare, education, wellness, and culinary arts.
Investment and Agriculture Cooperation
New Zealand has also committed to facilitating investments worth twenty billion dollars into India over the next fifteen years. Cooperation will extend to agri technology initiatives focused on productivity, research, quality improvement, and value chain development, supporting Indian farmers through technology transfer and capacity building.
With bilateral trade already showing steady growth, the agreement offers a predictable and forward looking framework. It signals a shift toward value driven trade, stronger market access, and deeper economic partnership between India and New Zealand.
10:26 AM, Dec 23
Source : India New Zealand Trade Pact Opens a New Chapter for Textiles and Talent
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