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News 20 of 29

India Negotiating FTAs with 8-9 Blocs, Targets 75% Global Trade Coverage

Target:UPSC GS-IIIMPSCSSC GATeachingBankingPrelims HighMains MediumStatic GK Link
24 Aug 2026
~2 min
Source: The Hindu
Key Data:8-9 blocs$15 trillion$60 trillion38 developed countries$70 trillion75% global trade
Bodies:Ministry of Commerce and Industry
Practice MCQs from today's news ▸
What This Article Covers

1.India is negotiating FTAs with 8-9 new blocs/countries representing $15 trillion in additional GDP.

2.Nine FTAs signed in the last four years already cover economies with a combined GDP of $60 trillion and 38 developed countries.

3.The ultimate goal is to cover 75% of global trade through FTAs, making India a key node in global value chains.

The Big Picture
Prelims · HighMains · Medium

India is actively negotiating free trade agreements (FTAs) with 8-9 more countries/blocs, aiming to cover 75% of global trade. This strategic push, announced by Commerce Minister Piyush Goyal in Tokyo, positions India as a trusted partner in global value chains and opens up a combined GDP of $70 trillion for preferential market access.

Exam Lens

Quick Exam Facts From News

New FTAs Under Negotiation8-9 blocs/countries
Additional GDP from New FTAs$15 trillion
Combined GDP of Existing FTAs (Last 4 Years)$60 trillion
Developed Countries Covered by Existing FTAs38
Total GDP Covered (Existing + Earlier Pacts)$70 trillion
Target Global Trade Coverage75%
Minister InvolvedPiyush Goyal (Commerce & Industry)
Location of AnnouncementTokyo, Japan

1-Minute Revision

  • ›New FTAs Under Negotiation: 8-9 blocs/countries
  • ›Additional GDP from New FTAs: $15 trillion
  • ›Target this Data: India aims to cover 75% of global trade through FTAs.
  • ›Target this Data: 9 FTAs signed in the last 4 years covering $60 trillion GDP.
  • ›Target this Nodal Body: Ministry of Commerce and Industry (Minister: Piyush Goyal).

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which ministry is primarily responsible for negotiating Free Trade Agreements (FTAs) for India?

Q2Statement-basedHard

Consider the following statements regarding India's FTA strategy:

1. India has signed nine free trade agreements in the last four years.

2. These nine FTAs cover economies with a combined GDP of $60 trillion and 38 developed countries.

3. India aims to cover 75% of its domestic trade through FTAs.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the news, what is the total value of GDP that India's existing trade pacts (including earlier ones with Japan, Korea, and ASEAN) cover for preferential market access?

Q4Application/ImpactMedium

What is the primary strategic objective behind India's push to cover 75% of global trade through FTAs?

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