New Zealand Prime Minister Christopher Luxon characterized the recently signed free trade agreement (FTA) with India as a 'once-in-a-generation' pact, emphasizing its significance in promoting stable and predictable trade amid global uncertainties. The agreement was signed in New Delhi by India's Commerce and Industry Minister Piyush Goyal and New Zealand's Trade and Investment Minister Todd McClay. Luxon highlighted that the FTA grants New Zealand exporters unprecedented access to India's market of 1.4 billion people, positioning it as a crucial opportunity for trade, investment, and innovation. The deal is expected to help New Zealand diversify its export markets and aims to double the value of its exports over the next 10 years. Additionally, Indian exporters will benefit from tariff-free access to New Zealand's market from the outset, while Indian consumers will gain improved access to New Zealand's high-quality exports. Luxon noted that this agreement not only has economic implications but also serves as a strategic commitment between the two nations.