India's New FTAs: Boosting Exports & Jobs
Update: 2025-12-18
Description
India is aggressively pursuing new free trade agreements with the EU, New Zealand, Chile, and Oman to counter US import tariffs and expand export markets. Prime Minister Modi is set to sign the India-Oman FTA this week, aiming to boost trade in engineering goods, textiles, pharmaceuticals, and agricultural products. These FTAs are crucial for Indias economic plan, helping businesses stay competitive and reach new markets. However, Indian exporters face pressure from higher US import tariffs, and negotiators must balance protecting local industries with market access demands.
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