Consider the following statements regarding the India–New Zealand Free Trade Agreement (FTA) and its architecture:

Statements

1. Sensitive agricultural products such as dairy, sugar and edible oils are excluded from tariff concessions under the FTA, reflecting India's standard practice of protecting vulnerable farming communities in bilateral trade agreements.
2. Rules of Origin provisions in FTAs like the India–New Zealand FTA are designed to ensure that tariff concessions benefit only goods genuinely produced in the partner country, thereby preventing trade deflection or circumvention through third countries.
3. Under the services chapter of a typical FTA, Most-Favoured-Nation (MFN) commitments oblige a party to extend to the FTA partner any more favourable treatment it grants to any third country in the future, thereby locking in a competitive floor for the partner's service suppliers.