India-New Zealand Free Trade Deal: A Shrewd Diversification Amid Global Trade Turmoil
As global trade faces unpredictable tariffs and geopolitical tensions, India’s new free trade agreement with New Zealand exemplifies a strategic pivot to protect economic sovereignty and secure growth outside unstable traditional partners.
In the midst of escalating global trade uncertainties and rising protectionism, India and New Zealand have finalized a free trade agreement designed not only to deepen their economic ties but also to safeguard their respective national interests against erratic international policies. This deal comes as a calculated move by India to diversify its export markets—especially in light of steep tariffs imposed by the United States. Is Diversification the Answer to Washington’s Punitive Tariffs? The backdrop for this agreement is stark: U.S. import tariffs, including a hefty additional 25% levy on Indian goods tied to controversial oil purchases from Russia, have...
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