India-Many sectors including MSME will get tremendous benefits from the FTA between New Zealand. With this FTA, the fortunes of MSMEs will shine and they will get a chance to earn bumper income. Prime Minister Narendra Modi described the India-New Zealand Free Trade Agreement (FTA) as a historic moment in the partnership between the two countries. PM Modi said that this agreement will greatly benefit other sections including farmers, youth, women, MSMEs, startups and students. Modi also said New Zealand’s $20 billion investment commitment will further strengthen bilateral cooperation in agriculture, manufacturing, innovation and technology. This will pave the way for a more prosperous and dynamic future for both countries.
PM Modi expressed happiness on social media
The Prime Minister wrote on his social media account, “Today is a historic moment in the India-New Zealand partnership. I am pleased that the India-New Zealand FTA signed today will provide unprecedented momentum to our developmental partnership. It reflects the strong trust, shared values and ambition that bind our two countries. This agreement will greatly benefit our farmers, youth, women, MSMEs, artisans, startups, students and innovators. This will open new avenues of development, create opportunities and strengthen our coordination in various fields.
Students and skilled professionals will get opportunities
Earlier, Modi said the FTA will expand opportunities for students and skilled professionals as well as boost agricultural productivity and investment commitments. He quoted Commerce and Industry Minister Piyush Goyal as saying that under the India-New Zealand FTA, duties on Indian exports will be removed, which will boost labour-intensive sectors and strengthen MSMEs, while also ensuring that sectors like agriculture and dairy remain completely protected. India and New Zealand on Monday signed a free trade agreement to boost bilateral trade and investment. The agreement was signed by Commerce Minister Piyush Goyal and New Zealand’s Trade and Investment Minister Todd McClay.
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