India Prepares for Next Phase of Trade Diplomacy After US and EU Agreements

India has recently concluded historic trade deals with the United States and the European Union, hailed as transformative for manufacturing, exports, and global partnerships. With these mega agreements in place, New Delhi is now gearing up for another major Free Trade Agreement (FTA), aimed at diversifying markets and reinforcing its global economic standing.

Key Highlights:

• US Trade Deal: Tariff reductions and expanded market access, strengthening India’s position in goods and services exports.
• EU Trade Agreement: Finalized in January 2026, projected to boost Indian exports to Europe by over 50% in five years.
• Strategic Vision: India seeks to leverage momentum from these deals to negotiate with other key partners in Asia-Pacific, Africa, and Latin America.
• Economic Impact: New FTAs expected to enhance India’s role in global supply chains, particularly in textiles, pharmaceuticals, IT services, and renewable energy.
• Policy Direction: Commerce Ministry officials emphasize that upcoming negotiations will focus on balanced market access, technology transfer, and sustainable trade practices.

Analysis:
India’s proactive trade diplomacy reflects its ambition to become a central hub in global commerce. By pursuing another major FTA, the country aims to secure long-term growth, diversify export destinations, and strengthen resilience against global economic uncertainties.

Sources: Reuters (RTRS), Business India, Fortune India, Ministry of Commerce & Industry