The Government has been actively diversifying export markets by signing Free Trade Agreements (FTAs) and engaging in trade negotiations with major economies. Various initiatives, including Export Promotion Mission, Indian Missions overseas, and Export Promotion Councils, have been undertaken to boost exports, as per a statement presented in Parliament. In the last five years, the Government has signed seven FTAs, such as the India–Mauritius CECPA and the India–UK CETA, aiming to enhance bilateral trade opportunities.
Minister of State for Commerce Jitin Prasada highlighted that negotiations for the India–European Union FTA were concluded on January 27, 2026. Moreover, a framework for an Interim Agreement on trade was reached between India and the United States on February 7, 2026, with ongoing negotiations. FTAs play a crucial role in expanding market access, promoting export potential, and creating job opportunities, especially in labor-intensive sectors like textiles and apparel.
FTAs not only focus on market access but also address Technical Barriers to Trade, promoting mutual understanding of standards and regulations. The Government actively engages with trading partners to tackle non-tariff barriers and enhance market access for Indian goods. Additionally, policies to boost cross-border e-commerce exports, particularly for MSMEs and startups, have been implemented, including the Export Promotion Mission launched in 2025 with a substantial outlay to enhance India’s export competitiveness.
