5 months ago
1
Commerce and Industry Minister Piyush Goyal connected Wednesday (December 10, 2025) said negotiations for Free Trade Agreements (FTAs) with Oman and New Zealand are successful their past phase, and some are expected to beryllium concluded soon. He besides indicated that negotiations for a commercialized pact with South American federation Chile volition besides beryllium concluded soon.
India Strengthens International Trade Partnerships Through FTAs
Enhancing marketplace entree and supporting planetary worth concatenation integration.
India precocious aggregate commercialized negotiations successful 2025, including with the EU, USA, Australia, GCC, Korea, Chile, Peru and Maldives.
These… pic.twitter.com/LQheTXamG5
The talks for a pact with Oman are successful the past leg, Mr. Goyal said, adding that New Zealand Trade Minister Todd McClay is visiting New Delhi connected Friday (December 12, 2025) for FTAs negotiations, arsenic that are besides reaching the past phase.
Meanwhile, the Commerce Ministry successful a connection said aft 3 rounds of intensive negotiations from November 2023 till March 2024, some sides reached an statement connected each CEPA (Comprehensive Economic Partnership Agreement) components, including substance and marketplace entree offers.
A Cabinet connection submitted successful March 2024 was deferred, prompting further renegotiations, it said. The 4th circular connected September 2024 and 5th circular connected January 13 and 14, 2025 focused connected revised offers.
"Following support of the competent authority, the Draft Cabinet Note for signing and ratification was circulated to applicable Ministries. Both sides are present successful the process of securing interior approvals," it added.
On a commercialized statement with Israel, Mr. Goyal said precocious helium held a gathering with Israeli Economy and Industry Minister Nir Barkat, and some sides person appointed their main negotiators for the projected pact.
Last period successful Tel Aviv, the 2 countries inked Terms of Reference (ToR) to formally motorboat negotiations for the agreement. "We anticipation that the archetypal signifier volition hap with Israel," Mr. Goyal told reporters successful Jaipur.
Mr. Goyal was present to enactment successful the Pravasi Rajasthani Divas. He added that successful the past fewer days, "we person held" a bid of meetings with leaders of antithetic countries connected trade-related issues.
"India has go an charismatic destination for commercialized and planetary investors. Several countries are keen to person commercialized pacts with India," Mr. Goyal added.
The Ministry besides said India and Israel person been negotiating a FTA since 2010, completing 10 rounds covering 280 tariff lines oregon merchandise categories.
Although some sides agreed successful October 2021 to relaunch the negotiations, advancement stalled owed to Israel's reluctance to supply the meaningful services marketplace entree sought by India, peculiarly regarding the impermanent question of IT professionals and highly skilled workers.
"Negotiations person since been revived, and successful November 2025, India and Israel signed the ToR for the projected FTA, paving the mode for the ceremonial resumption of discussions," it said. Further, it said the India-Maldives FTA Terms of Reference for a commercialized pact were signed connected July 3, 2025, successful Male.
The ToR sets the model and scope for the upcoming FTA negotiations. Negotiations person been launched for the agreement.
India and Qatar, too, are finalising a ToR to motorboat talks for a escaped commercialized pact. A akin workout is besides underway betwixt India and the Gulf Cooperation Council (GCC).
Major milestones achieved by @DoC_GoI successful 2025, nether the dynamic enactment of PM @NarendraModi ji:
🔷 Total exports (merchandise & services) reached an all-time precocious of $825.25 cardinal successful 2024–25, marking a 6.05% yearly growth, contempt planetary uncertainties.
🔷 The India–UK… pic.twitter.com/3lYvZ2tLr7
