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India, New Zealand Begins 2nd Round Of Talks For Proposed Trade Pact

  • India and New Zealand have begun the second round of negotiations for a proposed free trade agreement to boost two-way commerce and investments.
  • The talks, which will conclude on July 25, resumed after a ten-year gap following the announcement on March 16 this year.
  • Challenges in the negotiations include the disparity in tariff structures, with New Zealand having lower average import tariffs compared to India.
  • Key exports from India to New Zealand include clothing, fabrics, medicines, agricultural equipment, while imports from New Zealand to India consist of agricultural goods, minerals, and meat products.

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