India-New Zealand FTA comes into effect

India's Free Trade Agreement with New Zealand came into effect today with 10% tariffs removed on labour-intensive sectors such as textiles, apparel, leather and footwear. The FTA will provide India's exports 100% duty-free access to New Zealand's markets. India excluded 30% of tariff lines from the FTA to protect sensitive sectors, while providing immediate duty elimination on 30% tariff lines.