India and New Zealand on Monday inked a Free Trade Agreement (FTA), aimed at boosting two-way commerce and investments. The pact was signed by Commerce and Industry Minister Piyush Goyal and visiting New Zealand's Trade and Investment Minister Todd McClay.

The FTA provides duty-free access for 100 per cent of India’s exports to New Zealand, covering all tariff lines or produce categories. India has offered tariff liberalisation on 70.03 per cent of tariff lines covering 95 per cent of bilateral trade value, while keeping 29.97 per cent of tariff lines excluded to protect sensitive sectors.