India's Global Trade Tango: Expanding Horizons with Trusted Partners

India is actively negotiating free trade agreements with various global partners, including the US, EU, and the GCC, to boost economic ties. The aim is to address trade disruptions and forge trusted alliances. Key discussions are underway with countries like New Zealand, Israel, and Canada.

India is significantly advancing its global economic rapport by negotiating free trade agreements with pivotal economic entities such as the United States, the European Union, and the Gulf Cooperation Council. Commerce and Industry Minister Piyush Goyal emphasized the importance of such ties, noting the global trend of 'trade weaponization.'

The talks arrive amidst heightened trade tensions, notably the US's imposition of a 50% tariff on Indian goods. Goyal highlighted that the collaborative efforts through these agreements could anchor India's economic stability and potential growth through reliable international partnerships.

Furthermore, New Delhi's proactive diplomacy extends to discussions with New Zealand, Israel, Canada, and Eurasian nations, aiming to align free trade accords that facilitate cooperation and investment. The outreach also encompasses revisiting agreements with ASEAN and South Korea, ensuring a balanced and beneficial trade environment.

(With inputs from agencies.)