Agra leather workers prepare hides for export as international partners discuss trade.
Agra’s leather industry is poised for significant growth thanks to the recently implemented Free Trade Agreement (FTA) between India and New Zealand. The agreement, championed by Commerce Minister Piyush Goyal, eliminates tariffs, granting Indian companies duty-free access to the New Zealand market.
The deal is expected to be a boon for Agra, a major hub for leather production and exports. Local businesses will now be able to compete more effectively in New Zealand, potentially increasing sales and market share.
Beyond leather, the FTA aims to significantly expand the overall trade relationship between the two countries. The stated goal is to double trade and investment within the next fifteen years, creating new opportunities across various sectors.
While the immediate impact will be felt by exporters, the long-term effects could include increased investment in Agra’s manufacturing infrastructure and job creation. The agreement signals a broader push to strengthen India’s economic ties with key partners in the Asia-Pacific region.
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