Historic Free Trade Agreement between India and New Zealand
-
Media Baaji
- Tue, 28 April 2026
Kathmandu. A new chapter has started in the bilateral trade relations between India and New Zealand from Monday. The two countries have signed a historic free trade agreement. With the agreement, it is expected to bring radical changes in the fields of trade, investment and employment.
This important agreement was made official in the presence of Indian Commerce Minister Piyush Goyal and his New Zealand counterpart Todd McLay. Which is considered as a big diplomatic and economic victory for the Indian economy and exporters in the world market. The most remarkable feature of this agreement is the speed of its construction. The talks that started on March 16, 2025 were completed within a short period of only nine months. With the implementation of the agreement, the tax imposed by New Zealand on Indian products will immediately be exempted by 100%, and the goods coming from New Zealand to India will not be taxed.
Currently, New Zealand is imposing 10 percent tax on about 450 items exported from India, now the export of Indian textiles, ready-made garments, leather industry, ceramics and vehicle parts will get a big boost. In return, India has also given a discount of 95 percent on goods coming from New Zealand.
Express
Related News
Public transport fares increased
Kathmandu. Public transport fares have increased. After the ministerial decision of Physical Infrastructure and Transport Minister Sunil Lamsal, the Transport Management Department has increased the fare. After the recent increase in the price of...
The price of petroleum products increased
Kathmandu. Nepal Oil Corporation has increased the price of petroleum products with effect from today. According to the new prices of petrol, diesel and kerosene adjusted by the corporation, petrol and diesel and keros...
Suryakund Hydro's IPO allotment, 57 thousand 243 people got shares
Kathmandu. Suryakund Hydro Electric Limited has issued an IPO to the general public. Sales manager Kumari Capital Limited has allotted the IPO this morning. This company had opened the IPO sale of 5 lakh 72 thousand 431 shares with a face value of...
Nepal is stable in the corruption index, limited to 34 points for the second year in a row
Kathmandu. According to the Corruption Concept Index, 2025 published by Transparency International Nepal TI, Nepal has scored 34 points this year as well. The index has given an indication that there is no significant improvement in the situation...
What is the foreign currency exchange rate for dollars, euros and pounds?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the new rate announced by the Central Bank, the buying rate of one US dollar is 154 rupees 22 paisa and the selling rate is 154 rupees 82 pai...
US dollar and pound rise: Here are today's foreign exchange rates
Kathmandu. Nepal Rastra Bank has determined the new exchange rate of foreign currency for Thursday. According to the Central Bank, there has been an increase in the price of the American dollar today, the buying rate of which has remained at 144 r...