India, New Zealand trade pact to boost agri, processed food exports: TPCI
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The free trade agreement between India and New Zealand starts on October 20.
- ✓TPCI said this deal will boost exports of Indian farm products and processed foods.
- ✓TPCI Chairman Mohit Singla said, "Indian exporters gain an unparalleled competitive edge in Oceania." The council will help businesses use these new tariff concessions.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Starting on October 20, the free trade agreement between India and New Zealand is set to boost bilateral commerce. This agreement will significantly lower tariffs on various Indian agricultural exports, such as processed foods and spices.
NEW DELHI: The free trade agreement between India and New Zealand, which will come into force from October 20, will give a major boost to domestic farm products and processed food sectors, trade promotion body TPCI said on Wednesday.
The
Trade Promotion Council of India (TPCI) said that under the pact, tariffs on processed foods, spices, seasonings, confectionery, bakery goods, packaged cereals, sauces, fruit juices, and processed vegetables will drop from up to 5 percent to zero on Day One of the implementation of the agreement.
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