India and NZ sign trade deal

India and New Zealand have signed a 'once-in-a-generation' free-trade agreement intended to deepen economic ties and expand market access.

The deal will see tariffs slashed on Indian exports, aiming to double bilateral trade over the next decade.

The agreement also includes provisions for increased cooperation in the technology and education sectors.

Indian officials noted that the deal is a key part of the country's strategy to diversify its trading partners amid growing global instability.

New Zealand's government hailed the pact as a significant victory for its exporters, particularly in the dairy and agricultural industries.