India is moving ahead with a series of trade agreements across major economies and regions, with the India–UK Free Trade Agreement expected to enter into force in May. Parallel negotiations are progressing with the European Union, the United States, New Zealand, Australia, Sri Lanka and several other partners. The developments reflect India’s wider strategy to expand market access, deepen supply chains and strengthen export competitiveness.
India–UK Free Trade Agreement
The India–UK Free Trade Agreement is expected to become operational in May. It is a key step in bilateral economic ties and is aimed at improving trade flows between the two countries. The agreement is part of India’s broader push to secure preferential access for goods and services in major markets.
Negotiations with Major Partners
India’s trade talks with the European Union are advancing, with the agreement likely to be signed before the end of the current calendar year. It is expected to be operationalised within the present financial year. Negotiations for the proposed India–United States Bilateral Trade Agreement are also set to resume this month, with an Indian delegation visiting the US from 20 to 22 April. India has also concluded negotiations for a Free Trade Agreement with New Zealand, and domestic processes for signing and ratification are underway.
Other Ongoing Trade Dialogues
India is continuing talks with Australia on a Comprehensive Economic Cooperation Agreement and with Sri Lanka on an Economic and Technology Cooperation Agreement. Discussions are also underway with Peru, Chile, Israel, Canada and the Eurasian Economic Union. Terms of Reference have been finalised for negotiations with the Philippines, Maldives and the Gulf Cooperation Council.
Export Growth and Trade Strategy
India’s merchandise and services exports have reached a record estimated level of USD 860.09 billion in financial year 2025–26, showing 4.22 per cent growth over the previous year. The government is using trade agreements as a key instrument to widen global market access, support exporters and strengthen India’s role in international trade.
Last Modified: April 27, 2026