India, New Zealand Elevate Ties to Strategic Partnership, Cut Tariffs on 57% of Exports
India and New Zealand have elevated their bilateral relationship to a strategic partnership, signing a new agreement to deepen cooperation on trade and security during Prime Minister Narendra Modi’s visit to Auckland. The accompanying free trade deal will immediately eliminate tariffs on 57% of all goods exported from New Zealand to India.
The agreement addresses geographic distance as a barrier to commerce, marking a significant expansion of economic and diplomatic ties between the two Indo-Pacific nations. The tariff reduction takes effect on day one, streamlining market access while establishing a formal framework for future security coordination.
From the sources (4 posts)
@businessIndia and New Zealand will elevate their relationship to a “strategic partnership,” as both seek closer trade and security ties
@reutersNew Zealand, India upgrade ties as PM Modi visits Auckland
@firstsquawkNew Zealand, India Upgrade Relations With New Strategic Partnership Agreement
@chrisluxonmpNew Zealand and India bookend the Indo-Pacific, but distance is no barrier to us working together to grow our economies. That’s what we’re doing through our free trade agreement, which will eliminate tariffs on 57% of everything we sell to