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CoinWorld News reports that India and New Zealand signed a free trade agreement in New Delhi on Monday local time, aiming to significantly reduce tariffs on most goods and expand market access. According to the agreement, New Zealand will eliminate tariffs on all Indian goods, while India will cut tariffs on 95% of imports from New Zealand. The New Zealand government stated that products such as lamb, wool, and coal will immediately enjoy tariff elimination, while market access for fruits like kiwifruit, cherries, avocados, persimmons, and blueberries will also be eased. Currently, tensions in the Middle East are putting pressure on global trade.