India Broadens European and Asian Footprints via New Free Trade Agreements

Published

While trade discussions with the United States remain gridlocked, India is aggressively expanding its global economic footprint by initiating and finalizing comprehensive trade agreements across Europe, Asia, and Latin America. In a landmark development during UK-India Week in London, Union Commerce Minister Piyush Goyal announced that the UK-India Free Trade Agreement is slated to take effect in July, describing it as the most comprehensive trade agreement India has ever signed. Simultaneously, India and the Maldives have officially commenced virtual negotiations for a bilateral Free Trade Agreement to build upon their existing trade relationship, which grew by 13.5% to cross $771 million in the 2025–26 fiscal year. On the European front, Minister Goyal met with Greek officials to double bilateral trade to $4 billion by 2030, leveraging the India-Middle East-Europe Economic Corridor (IMEC) to boost joint investments in pharmaceuticals and renewable energy. Furthermore, regional leaders in Tamil Nadu are preparing for the upcoming India-Peru FTA, positioning the state as a prime manufacturing destination for Peru’s abundant critical minerals like copper and zinc.

Get in touch with us

Fill the following details and send your query to us and we will provide the support you need.

Support Center 24/7

+022 4322 4000 (25 lines) Time : 10 AM - 6 PM

Our Location

1st Floor, Old Oriental Building, 65 M.G. Road, Mumbai: 400023