In response to punitive tariffs from the Trump administration, India is actively seeking new trade agreements to diversify its export markets and reduce its dependence on the US. The article highlights India’s ongoing negotiations with several countries and blocs, including the EU, Australia, South Africa, and New Zealand. India is also holding talks with the UK and the GCC for free trade agreements.
A key priority is to finalize a bilateral trade agreement with the US. Although negotiations have faced some geopolitical issues, Commerce and Industry Minister Piyush Goyal hopes to conclude the pact by November. The article also mentions India’s trade agreement with Australia and that negotiations for an FTA with Oman are nearing completion. These efforts are part of a larger strategy to boost trade and gain access to new markets.