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      Question

      Consider the following statements regarding the

      India–New Zealand FTA concluded in December 2025:  (I) It was announced in March 2025 and concluded within the same year.  (II) India held a 10.24% share in New Zealand's agricultural imports before the FTA.  (III) New Zealand secured improved market access in dairy from India.  (IV) Basmati rice and spices are among the key Indian agricultural exports expected to benefit.  Which of the above statements are CORRECT? 
      A I, II and III only Correct Answer Incorrect Answer
      B II, III and IV only Correct Answer Incorrect Answer
      C I, II and IV only Correct Answer Incorrect Answer
      D I, III and IV only Correct Answer Incorrect Answer
      E All of the above Correct Answer Incorrect Answer

      Solution

      Answer: (c) Statement III is incorrect — New Zealand secured improved access in horticulture (not dairy). India protected its dairy sector with exclusions. Statements I, II, and IV are correct

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