New Delhi - India and New Zealand announced the conclusion of an ambitious and mutually beneficial free trade agreement (FTA) on Monday, with New Delhi securing zero-duty access for all Indian goods in the island country, a $20 billion investment commitment by New Zealand over 15 years, and concessions in professional mobility while shielding its dairy sector.

Prime Minister Narendra Modi and his counterpart Christopher Luxon announced the conclusion of the trade deal – the second finalised by India this month after an agreement with Oman – during a telephone conversation. The FTA was concluded nine months after negotiations . . .