Trade Winds of Change: NZ India Pact Signals Shift in Global Markets The New Zealand parliament's passage of legislation to implement a free trade agreement with India has sent shockwaves through the global economy.
On its surface, the deal appears straightforward: tariffs on 95% of New Zealand exports to India will be cut or eliminated, while Indian goods will receive duty free access to New Zealand.
However, scratch beneath the surface and you'll find a more nuanced picture emerging.