India–New Zealand seal FTA: Zero-duty access for Indian exports, $20 billion investment pledge

Besides zero-duty access for India’s labour-intensive sectors including textiles, apparel, leather, footwear, marine products, handicrafts, engineering goods and automobiles, New Zealand has pledged to invest $20 billion in the country over a period of 15 years. India has offered tariff liberalisation in 70% tariff lines covering 95% of bilateral trade.