India-NZ FTA: GJEPC eyes 200 pc export growth to USD 50 mn in 3 years

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The Gem and Jewellery Export Promotion Council (GJEPC) on Monday welcomed the signing of the India-New Zealand Free Trade Agreement (FTA), calling it a timely strategic move that opens up a high-potential market and is likely to drive additional exports of nearly USD 50 million over the next three years. ”In today’s turbulent global environment, India’s continued progress in advancing and concluding FTAs enables the industry to strategically diversify its export markets and reduce overdependence on any single geography such as the US or regions like the GCC,” GJEPC Chairman Kirit Bhansali said. India and New Zealand on Monday signed…