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 New Zealand Prime Minister on Thursday took to social media platform X to welcome the proposed India-New Zealand trade pact, emphasising that it would substantially aid domestic enterprises by unlocking enhanced access to the Indian market.
“New Zealand businesses are set to boom with our India Trade Deal. Fifty-seven per cent of everything we export to India will be tariff-free from day one,” PM Luxon stated.
The announcement comes just ahead of PM Modi’s two-day state visit to New Zealand, scheduled from July 10 to 11, following an invitation extended by his Kiwi counterpart. This marks the first state visit by an Indian Prime Minister to New Zealand in nearly 40 years.
