Photo: Piyal Bhattacharya / The Times of India via AFP
New Zealanders can expect to see a large impact on the economy over time thanks to the free-trade agreement with India, one economist says.
The government on Monday announced the deal which reduces tariffs on 95 percent of exports.
Almost 60 percent of New Zealand exports to India will be tariff-free when the deal takes effect, increasing to 82 percent over 10 years.
Brad Olsen, chief executive at Infometrics, said sheep meat would be one of the big beneficiaries. Its tariff will drop from 33 percent to zero immediately.
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