The government has confirmed the conclusion of free trade negotiations with India with significant wins for several industries - but limited gains for dairy.
Trade Minister Todd McClay says the new agreement - expected to be formally signed off next year - will eliminate or reduce tariffs on 95 percent of exports, with wins for kiwifruit, apples, meat, wool, coal, forestry, and more.
"It puts New Zealand exporters on an equal or better footing to our competitors across a range of sectors and opens the door to India's rapidly expanding middle class," he said.
Almost 57 percent of exports would be duty-free from day one of the agreement coming into force, he said, "increasing to 82 per cent when fully implemented, with the remai
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