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In March 2025, the European Commission Chief Ursula von Dera Lean met Prime Minister Narendra Modi.
India has intensified talks on free trade agreement with many countries after Trump’s 50% tariff. The European Union (EU) team reached Delhi on 8 September for trade talks.
According to the ANI report, Commerce Minister Piyush Goyal will meet the EU trade commissioner on September 12, so that the progress on FTA can be reviewed.
At the same time, the Free Trade Agreement (FTA) can be declared by next month with Qatar. Apart from this, conversation with New Zealand, Chile and Peru has also accelerated.
India benefits from trade agreement with EU
Trade agreement with EU can prove beneficial for India. Trade with EU stood at $ 137.41 billion in 2023-24, and the new deal will further increase. FTA with Qatar will benefit energy and petroleum sector. Experts believe that this step will strengthen India in a global supply chain, but it will also be a challenge to save domestic industries.
Deal from UAE, Australia, Mauritius
In the last five years, India has made important trade agreements with countries like UAE, Australia, Mauritius. The India-Mauritius Cast Economic Cooperation and Participation Agreement (CECPA) in 2021, the India-United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) in 2022.
After this, India-Australia Economic Cooperation and Trade Agreement (ECTA) India-European Free Trade and Economic Partnership Agreement (TEPA) in 2024 and India-Britain Comprehensive Economic and Trade Agreement (CETA) in 2025 have also been signed in 2025. However, the Indo-Bitten agreement has not been implemented yet.
Apart from this, a free trade agreement agreement with the UK was also fixed in 2025, which will be implemented soon.
India is intensifying intensifying talks with these countries
India is also working on many other agreements, such as the India-Australia Comprehensive Economic Cooperation Agreement, India-Sri Lanka Economic and Technical Cooperation Agreement, India-Peru FTA, India-Sily CEPA India-New Zealand FTA.
Preparation to reduce the effect of American tariff
50% of tariffs on America of America may affect the business environment. In such a central government, by compromising with European countries, it is looking for new markets to sell Indian products.
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India will make up for US deficit by selling cloth to UK: FTA will give India a chance in Britain’s market of ₹ 2.02 lakh crore
The US has imposed a 50% tariff on Indian textile goods, which is in force from 27 August. This can affect India’s textile and textile exports. However, a good news is that due to the Indo-UK Free Trade Agreement (FTA), the increase in exports to Britain can compensate for this loss. This has been revealed in the report of CARARAGE Ratings. Read full news
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