57% of New Zealand’s exports to India will be tariff-free, says PM Luxon ahead of Modi’s visit
New Zealand Prime Minister Christopher Luxon announced that 57% of exports to India will be tariff-free following a new trade agreement. The announcement precedes a historic visit by Indian Prime Minister Narendra Modi, marking the first such visit in 40 years to discuss trade, security, and technology.
Why it matters
This trade deal signals a significant strengthening of economic ties between India and New Zealand, potentially boosting bilateral trade beyond the current $2.4 billion mark.
A day before Prime Minister Narendra Modi’s scheduled visit to the country, New Zealand Prime Minister Christopher Luxon announced that 57% of Wellington’s exports to New Delhi would be “tariff-free from day one”.
The article reports on official government statements and trade data without using loaded language or taking a partisan stance.
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