India and New Zealand have announced a free trade agreement that will make the majority of goods traded between the two countries duty-free, with nearly 57% of New Zealand's exports becoming duty-free in India from day one, and a $20 billion investment from New Zealand in India over 15 years, aiming to boost trade, investment, and mobility of professionals and students.
The surge of duty-free packages from China valued at less than $800 into the United States has become a major trade fight in Congress. Efforts to lower the threshold amount or exclude certain countries altogether from duty-free treatment are set to become a major trade fight in this Congress. The Select Committee on the Chinese Communist Party said that exploiting the $800 threshold may be a major avenue through which Chinese companies selling directly to American consumers can circumvent U.S. law designed to prevent the sale of goods made with forced labor.