New Zealand Labour Party Supports India-NZ Free Trade Agreement Amid Coalition Opposition

India and New Zealand concluded a Free Trade Agreement (FTA) on December 22, 2023, aiming to enhance trade by eliminating tariffs on many goods, benefiting sectors like textiles, pharmaceuticals, and technology. While New Zealand's coalition partner New Zealand First opposes the deal, the Labour Party has pledged support, enabling parliamentary approval. Labour's backing comes with concerns over excluded dairy products and includes a one-year review mechanism for potential improvements. The agreement also involves New Zealand committing $20 billion in investments in India.