Image Source : The Financial Express
Commerce Minister Piyush Goyal announced India negotiating FTAs with 14 trading partners including US, EU, UK, EAEU, Oman, New Zealand, Peru, Chile, Qatar, Bahrain amid aggressive export push. Recent EFTA pact activates Oct 1; UK, US deals target $500bn trade by 2030.
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Negotiation Pipeline
India pursues comprehensive pacts covering goods, services, investments with advanced economies and regions. EAEU ToR signed Aug 2025 launches formal talks; UK resumes post-14 rounds; US bilateral targets doubling trade to $500bn. EFTA (Switzerland, Norway, Iceland, Liechtenstein) effective Oct 1 with $100bn investment pledge.
Strategic Priorities
Diversification counters US tariffs; GCC, SACU eyed for Africa/ME access. ASEAN reviews AITIGA; Chile CEPA expands PTA. MSMEs, farmers, critical minerals prioritized amid 13 active FTAs.
Key Highlights
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Active Talks: US, EU, UK, EAEU, Oman, NZ, Peru, Chile, Qatar, Bahrain (+4 others).
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Recent Wins: EFTA Oct 1; EAEU talks start Nov 2025.
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Targets: $500bn US trade by 2030; $28bn Qatar in 5 years.
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Focus Areas: Goods/services, investments, digital trade, MSMEs.
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Existing FTAs: 13 active; ASEAN review underway.
Sources: India Briefing, Economic Times, Millennium Post.
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