India has embarked on an extensive global trade expansion initiative, engaging in discussions with nearly 50 countries and regional blocs to establish new trade agreements. Union Commerce and Industry Minister Piyush Goyal confirmed the development during the Federation of Indian Chambers of Commerce & Industry’s 98th Annual General Meeting, highlighting the government’s efforts to broaden access to international markets and strengthen economic alliances.
These negotiations span 14 different trade negotiation tracks and include both bilateral and multilateral partnerships. India’s strategy focuses on building long-term, mutually beneficial relationships that support the country’s economic growth and position it as a key participant in global trade.
India has already concluded significant free trade agreements with leading partners such as the European Free Trade Association (EFTA), the United Arab Emirates, Australia, Mauritius, and the United Kingdom. These pacts have paved the way for increased investment flows, better market access, and stronger regulatory cooperation.
Looking ahead, New Delhi aims to deepen engagements with several key regions. Talks are underway with Canada for a Comprehensive Economic Partnership Agreement (CEPA), and discussions with the Gulf Cooperation Council (GCC) countries are progressing to strengthen trade links between India and the Middle East. The government is also exploring opportunities with the Eurasian Economic Union (EAEU), Latin American economies, and other emerging trade partners.
In addition to forging new agreements, India is reviewing existing trade pacts, including those with the Association of Southeast Asian Nations (ASEAN) and South Korea, ensuring they remain relevant and beneficial amid evolving global economic dynamics. This recalibration aims to address past imbalances and maximize advantages for Indian industries and exporters.
Goyal emphasized that India’s approach prioritizes trust-based partnerships and sustainable trade outcomes. The effort represents a strategic push to diversify export markets, integrate Indian businesses into global value chains, and reinforce the nation’s role as a rising economic powerhouse in the international arena.
