NEW DELHI : India and New Zealand recently signed a free trade agreement (FTA), concluding 13 months of negotiations.

Food preparations ($119.2 million), industrial machinery ($98.8 million), excavators and earth-moving equipment ($95.6 million), and vehicle parts ($88.5 million) also feature prominently

New Zealand could absorb at least 12 percent of India’s exports currently exposed to the Strait of Hormuz if disruptions in the key shipping route persist, according to a Moneycontrol analysis of trade data. The estimate assumes a prolonged blockade of the Hormuz . . .