India-New Zealand FTA: Key tariff and visa rules
India and New Zealand have signed a free trade agreement (FTA) that grants preferential tariff treatment only to goods originating from India and New Zealand themselves. Goods from other countries entering through New Zealand will not benefit from these concessions, as per the FAQs. To qualify for preferential tariffs, products must pass strict Rules of Origin tests.
The FTA, effective October 20, excludes numerous sensitive sectors such as dairy, animal products, vegetables, sugar, metals, and precious stones from tariff concessions. However, it does offer a temporary employment visa program for skilled Indian workers in New Zealand, with quotas for various industries. These include 5,000 visas for skilled workers in sectors like IT, engineering, construction, education, and healthcare, among others.
Post-study work visas are also available for graduates, allowing stays of up to 4 years, depending on the level of their degree. Notably, Indian students will not be required to pay social security contributions or be eligible for associated benefits during their stay in New Zealand.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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