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The NZ Timber Industry Federation Welcomes The News Of The Signing Of The NZ – India FTA
The agreement will see the immediate lifting of the existing 11% Tariff which has been applied to processed Wood Products exported from NZ to India.
We welcome the huge opportunities that this presents to Sawmillers and Wood Processors in New Zealand. The potential market in India is huge and while there are difficulties such as transport and logistics the Industry is excited by the opportunities the FTA will provide to New Zealand.
India has a population of 1.4b, with a growing middle class. The potential for exporting high quality processed timber products is huge. In 2023 India imported $2.3b USD of Softwood and the FTA will give NZ exporters a chance to capture an increased share of the market.
After what has been a challenging year for the Industry, it is a timely and much needed boost to the industry.
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