India's Piyush Goyal urges FTA utilization
Analysis based on 7 articles · First reported Feb 11, 2026 · Last updated Feb 12, 2026
The finalization of Free Trade Agreements by India with developed countries like the United States and European Union is expected to significantly boost India's exports and create jobs. The elimination of tariffs, particularly by the United States, will restore competitive market access for Indian exporters, positively impacting labor-intensive sectors and overall market sentiment for India.
Union Commerce and Industry Minister Piyush Goyal urged Indian exporters and industry bodies to fully utilize the recently signed Free Trade Agreements (FTAs) with developed countries, including the United States and the European Union. During a meeting with 35 Export Promotion Councils and key Industry Associations, Goyal emphasized the need for industry to intensify efforts to penetrate new markets, upgrade quality, and become more competitive. These FTAs are designed to provide preferential market access for India's farmers, workers, professionals, artisans, and MSMEs, while also protecting the agriculture and dairy sectors. Industry representatives, particularly from sectors like gems and jewellery, textiles, and leather, appreciated the elimination of an additional 25% tariff on Indian imports to the United States, which is expected to restore competitive market access and safeguard employment in labor-intensive sectors. The government views these agreements as crucial for accelerating India's 'Viksit Bharat' mission.
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