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India concludes eight FTAs with 37 developed nations over past few years: Piyush Goyal
Feb-02-2026

Commerce and Industry Minister Piyush Goyal has said that India has concluded eight free trade agreements (FTAs) over the past few years, covering 37 developed countries.  Moreover, he said India is actively engaged in dialogue for similar agreements with several countries, including Chile, Peru and Canada.

He said that trade negotiations with Chile are nearing completion, where India has interests in critical minerals. He highlight since 2014, India has finalised eight trade pacts -- Mauritius (April 2021 implemented), Australia (December 2022 implemented), UAE (May 2022 implemented), Oman (signed in December 2025), UK (signed in July 2025), EFTA (implemented in October 2025 - Switzerland, Iceland, Liechtenstein, Norway), New Zealand (talks concluded in December 2025), and the European Union (27-nation bloc).

Further, he stated that negotiations for a trade pact have begun with the Mercosur group of countries to expand the existing preferential trade agreement (PTA). The Mercosur trade bloc members are Argentina, Brazil, Paraguay and Uruguay. Besides, the Gulf Cooperation Council (GCC), a group of six nations from the Middle Eastern region, has also expressed interest to start and launch negotiations for a free trade agreement with India.


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