India accelerates free trade agreements to counter US tariffs and expand exports
Summary
India is fast-tracking free trade agreements with countries like Oman, the EU, New Zealand, and Chile to counter US tariffs and boost exports amid global trade tensions.
Key Points
- India is accelerating the finalization of several free trade agreements to offset the impact of steep US import tariffs.
- India is in advanced talks with the European Union, New Zealand, Chile, and will soon sign an agreement with Oman.
- Free trade agreements aim to boost Indian exports in sectors like engineering goods, textiles, pharmaceuticals, and agriculture.
- Negotiations face challenges balancing market access demands from partners with protection for small farmers and domestic industries.
