Synopsis: India is currently negotiating six Free Trade Agreements (FTAs) with key global partners including Australia, Sri Lanka, Peru, Chile, Israel, and the Eurasian Economic Union. The move is part of a broader strategy to expand exports, strengthen global trade ties, and enhance economic partnerships.
India Negotiating Six FTAs to Boost Global Trade Ties
India is actively negotiating six major Free Trade Agreements (FTAs) with key international partners as part of its strategy to expand global market access and strengthen trade relations, the Ministry of Commerce and Industry has said.
The countries and regions involved in ongoing negotiations include:
- Australia
- Sri Lanka
- Peru
- Chile
- Israel
- Eurasian Economic Union
These agreements aim to enhance exports, improve investment flows, and deepen economic cooperation across regions.
Progress in Key Trade Negotiations
India has made significant progress in multiple ongoing FTA discussions:
- Australia (CECA): Talks started in February 2023; 11 rounds completed
- Sri Lanka (ETCA): Negotiations ongoing since 2015; 14 rounds completed
- Peru FTA: Launched in 2017; 9 rounds completed
- Chile (CEPA): Talks began in April 2025; 4 rounds completed
- Eurasian Economic Union: First round held in November 2025
- Israel FTA: First round conducted in February 2026
These negotiations cover trade in goods, services, investment, and technology cooperation.
Part of India’s Broader Trade Expansion Strategy
The government stated that these FTAs are part of India’s broader plan to strengthen its position in global trade and diversify export markets.
The agreements are expected to:
- Improve access to international markets
- Boost exports of Indian goods and services
- Attract foreign investment
- Strengthen supply chain integration
Recent FTAs and Ongoing Negotiations
India has recently signed trade agreements with:
- United Kingdom: Signed on July 24, 2025 (awaiting ratification)
- Oman: Signed on December 18, 2025 (awaiting ratification)
Additionally, negotiations with New Zealand and the European Union have already been concluded.
Trade Talks with US and Other Countries
India has also initiated discussions with the United States for a bilateral trade agreement. In February 2026, both countries agreed on a framework for an interim trade arrangement.
Further, India is reviewing and upgrading its trade agreement with South Korea under the Comprehensive Economic Partnership Agreement (CEPA), with negotiations ongoing since 2016.
Upcoming Trade Agreements in Pipeline
The government is also preparing for new trade negotiations with several countries and regions, including:
- Preferential Trade Agreement with the Philippines
- FTA with the Maldives
- FTA with the Gulf Cooperation Council (GCC)
- Comprehensive Economic Partnership Agreement with Canada
These initiatives reflect India’s proactive approach to expanding its global trade footprint.
📌 Key Takeaway
India is negotiating six major FTAs with global partners to boost exports and strengthen trade ties. Along with recent agreements and upcoming deals, the country is actively expanding its global economic presence through strategic trade partnerships.