The country exports dairy products

As regards the composition of trade commodity, New Zealand’s trade basket primarily centres on agricultural products, education services and technology. The country exports dairy products, wool, and fruits to India, while India exports pharmaceuticals, textiles, and information technology services to New Zealand. Though the Commerce Minister Piyush Goyal expressed optimism that FTA negotiations, when succeeded, shall unlock new opportunities for businesses and consumers, fostering mutual growth and prosperity for both nations, the challenges would be much more on India as its average tariff stands at 17.8 per cent as against 2.3 per cent imposed by New Zealand. This means India would have to make significant reductions, making a traditional FTA less attractive for India. As talks resume, both countries will need สล็อตเว็บตรง