A BOOSTER SHOT: THE INDIA-NEW ZEALAND FTA OPENS A LEVEL-PLAYING FIELD FOR INDIAN PRODUCTS IN THE HIGHLY COMPETITIVE FOREIGN MARKET.

THE INDIA-NEW ZEALAND FTA, signed on April 27, has been termed as a 'once-in-a-generation' pact.

- BY ASHUTOSH KUMAR

The ninth bilateral deal signed by India in five years promises to double the trade between the two partners to $5 billion by 2031. “This forward-looking agreement will facilitate $20 billion of investment into India, deepening our cooperation in trade, services, investment, innovation, mobility, agriculture productivity, and education, and creating pathways for skilled talent and students,” commerce minister Piyush Goyal said after signing the pact. “It expands market access across 118 sectors, strengthens MSMEs, exports, and the innovation agenda.”