HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
India’s FTAs provide preferential access to markets accounting for major share of global trade: Goyal
Oct-19-2026

Underscoring the significant commercial opportunities offered by India’s Free Trade Agreements (FTAs), Union Minister of Commerce and Industry Piyush Goyal has noted that India’s agreements provide preferential access to markets accounting for a major share of global trade. This will create numerous jobs and huge opportunities for farmers, women entrepreneurs, youth, MSMEs, artisans and industry. During ‘Leveraging FTAs’ Outreach Programme in Jaipur, Commerce Minister urged them to make use of reduced- or zero-duty access by focusing on quality. 

Besides, he highlighted the new market opportunities for Indian industry and businesses opened through India’s recently concluded FTAs. The objective of the outreach programme is to move beyond negotiating market access to helping enterprises actually use it, with targeted information, capacity building, practical guidance and coordination among the Department of Commerce, the State Government, industry associations and exporters.

Meanwhile, India’s exports of merchandise and services have continued to register growth. Cumulative exports during April-September 2026-27 are estimated at $476.20 billion, compared with $418.31 billion during the corresponding period of 2025-26, registering estimated growth of 13.84%. Major drivers of merchandise export growth in September 2026 included electronic goods, petroleum products, organic and inorganic chemicals, engineering goods, and cotton yarn, fabrics, made-ups and handloom products.


  RELATED NEWS >>