India and New Zealand finalised the free trade agreement (FTA) on Monday which is set to come into force on October 20.
"Almost exactly three years ago, I committed that National would secure a free trade deal with India within our first term if elected. And today, we finalised the deal, which comes into force next month," New Zealand Prime Minister Christopher Luxon said in a post on X.
Commerce minister Piyush Goyal announced the date of implementation of the trade pact, saying that the India-New Zealand FTA comes into force on October 20.
"It is exciting to think of how many businesses will grow as a result of this FTA, and then consider what that means for them, for the people who work for them, and for the country as a whole. It means more opportunities for exporters, stronger growth for businesses, and more jobs and higher incomes for New Zealand," Luxon added.
Also read: 'India-NZ FTA likely to come into force within a month,' says Trade Minister McClay
