India Finalizes 8 FTAs with 37 Developed Nations: Piyush Goyal

• Commerce and Industry Minister Piyush Goyal announced India has finalized eight Free Trade Agreements (FTAs) covering 37 developed countries.
• These agreements were concluded under the Modi government in recent years, significantly expanding India's global trade reach.
• Key FTAs include those with Mauritius, Australia, UAE, Oman, UK, EFTA, New Zealand, and the European Union.
• India is actively pursuing new trade pacts with several nations, including Chile, Peru, and Canada, with Chile negotiations nearing conclusion.
• Discussions are also underway with the Mercosur group, GCC, and SACU, indicating a robust pipeline of future trade deals.

Why It Matters: India has significantly expanded its global trade footprint by finalizing 8 FTAs with 37 developed countries.