What happened:
On April 27, India and New Zealand signed a Free Trade Agreement in New Delhi, with Piyush Goyal and Todd McClay formalising the deal, granting 100% duty-free access to Indian exports.
Why it matters:
The agreement is expected to boost MSMEs, enhance competitiveness in key sectors, and facilitate around USD 20 billion in investment, deepening long-term economic cooperation between the two countries.