India to Seal Major Trade Deals with US and EU Following New Zealand Pact Signing
India Seeks to Seal Trade Agreements with US and EU
India is on the cusp of securing trade agreements with the United States and the European Union, following the signing of its free-trade agreement with New Zealand. Commerce Minister Piyush Goyal announced on April 27 that the country is poised to finalize the agreements with the two major economies in the coming months.
In a significant development, India has signed six free-trade agreements (FTAs) in the last three-and-a-half years, with two more in the pipeline. Upon completion of the pending agreements, India will have nine FTAs with 38 advanced economies, accounting for nearly two-thirds of global trade and approximately 65-70 percent of global GDP.
The negotiations with the United States have gained momentum, with the latest round of talks held from April 20-23. The discussions have centered on market access, tariffs, and regulatory issues, with both sides working towards an initial agreement.
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Meanwhile, India and the European Union concluded talks for a free-trade agreement in January 2026, with the pact now awaiting legal finalization and ratification before it can be implemented.
India's trade engagement has witnessed significant growth in recent years, with the country signing agreements with partners such as Australia, the UAE, and New Zealand as part of a broader strategy to expand export markets and integrate more deeply into global supply chains.
The FTA with New Zealand is a comprehensive framework that spans market access, agricultural productivity, investment, and mobility, designed to benefit various stakeholders, including farmers, artisans, students, skilled professionals, women, and manufacturing entities.
The success of the agreement will depend on how businesses utilize it, with both Goyal and New Zealand Minister for Trade and Investment Todd McClay emphasizing that these FTAs are signed by governments but delivered by enterprises.
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| Country | FTA Signed | Agreement Status |
|---|---|---|
| United States | No | Negotiations in Progress |
| European Union | January 2026 | Awaiting Legal Finalization and Ratification |
| New Zealand | April 27, 2026 | Implemented |
| Australia | - | - |
| UAE | - | - |
Note: The table above highlights the current status of trade agreements with the mentioned countries.
Investor Takeaway
India is expected to seal major trade deals with the US and EU, potentially opening doors to nearly two-thirds of global trade.
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