Historic Free Trade Agreement between India and New Zealand

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

A modest increase in NEPSE today, trading at 3 billion 44 crores

Kathmandu. On the second trading day of the week, NEPSE index decreased by 6.74 points to 2601.61. During the day, 7.757 thousand 625 shares of 329 companies were bought and sold. Today, while the share price of 155 co...

What is the exchange rate of which foreign currency on Sunday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 142 rupees 84 paisa and the selling rate is 14...

Sabhakhola 'B' hydropower project tunnel 'break through'

Kathmandu. The tunnel of the under-construction Sabhakhola 'B' hydropower project in Sabhapokhari Rural Municipality of Sankhuwasabha has been breached. The main tunnel of the 21.5 MW Sabha Khola project, which is under construction using Sabha Kh...

The construction company's commitment to complete Kamala Bridge within three months

sirah After the physical infrastructure and transport minister Kulman Ghisingh's on-site inspection and instructions, the construction company has committed to complete the unfinished Kamala bridge connecting Dhanusha...

The price of the American and Australian dollar fell, the price of the euro, pound and dinar also fell at a high rate!

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for today. Today, the exchange rates of all foreign currencies, including the US dollar, Australian dollar, Euro, pound, Kuwaiti and Bahraini dinars, have fallen a...

Instructions to the Insurance Authority to submit a report within 10 days of the questions raised in the Finance Committee

Kathmandu. The Insurance Authority has been instructed to submit the questions raised in the Finance Committee with a report within 10 days. The chairman of the committee gave this instruction in today's discussion.

Insurance Authority Chair...