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The Latest Breaking News from FTA

Scotch at a discount post UK FTA is only half the story for India's whisky market

India's import duties on Scotch whisky and gin have been halved by a new trade agreement. This change is expected to gradually lower prices for imported premium spirits over time. Indian distillers anticipate improved access to bulk Scotch for blending purposes. Domestic single malt producers remain confident in their quality…

The Economic Times

Thailand aims to finish EU free trade talks this year

Thailand aims to conclude free trade agreement (FTA) negotiations with the European Union (EU) by the end of this year, although differences over agricultural products and raw materials remain unresolved.

Bangkok Post

India-UK FTA offers big opportunity, but implementation gaps remain: Industry

Businesses welcome the pact but seek clarity on implementation details and regulations. Technical standards and rules of origin require further guidance for effective trade. Medical device exporters express cautious optimism and need policy safeguards. The agreement aims to boost exports and integrate India into global value chains.

The Economic Times

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The biggest prize in the India-UK FTA may not be export boost

The India-UK free trade agreement offers more than just export growth. It aims to build capabilities within Indian factories and deepen the export ecosystem. This agreement encourages existing exporters to upgrade and new manufacturers to enter global markets. A wider exporter base will benefit all of India's future trade agreements.…

The Economic Times

India-UK FTA comes into force: Industry hails ‘landmark moment’ for bilateral trade

The Comprehensive Economic and Trade Agreement between India and the UK is now active. This pact aims to significantly boost bilateral trade and economic growth for both nations. Tariffs will be reduced on numerous goods, making them cheaper for consumers. Indian professionals will benefit from extended social security contribution exemptions.…

The Economic Times

FTAs alone won’t make India a manufacturing power: GTRI’s Ajay Srivastava

Tariff concessions alone will not secure India’s long-term economic success; strengthening manufacturing competitiveness is the key, says Ajay Srivastava.

The Economic Times

India-UK FTA explained: No new work visa, but these professionals benefit

The India-UK FTA does not introduce a new UK work visa or relax Britain's immigration rules, despite common misconceptions. Instead, it facilitates temporary business mobility for business visitors, intra-company transferees, contractual service suppliers and independent professionals, while a separate social security pact reduces National Insurance costs for eligible Indian professionals…

The Economic Times

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India-UK FTA comes into effect today, unlocking duty-free access for Indian exports

India and the UK have enacted a free trade agreement, opening significant export opportunities. This pact offers duty-free access on ninety-nine percent of India's tariff lines to the UK. Indian manufacturers will gain preferential entry into the UK's sixth-largest economy. The agreement also provides regulatory certainty for Indian service providers…

The Economic Times

India-New Zealand FTA likely to enter into force by year-end: Minister Todd McClay

India and New Zealand's free trade agreement is expected to take effect by year's end. This pact will significantly enhance economic and trade relations between both nations. New Zealand's parliament has already approved the agreement, moving it through legislative processes. The agreement aims to build resilient supply chains and maintain…

The Economic Times

"FTA not agreement of immigration, visas are sovereign decisions": MEA on India-New Zealand agreement

India's Ministry of External Affairs clarified immigration misunderstandings regarding the Free Trade Agreement. The ministry differentiated immigration from skilled manpower mobility, which is included. Visas remain a sovereign decision for New Zealand, according to officials. Prime Ministers elevated the bilateral relationship to a Strategic Partnership. A roadmap will guide future…

The Economic Times

Ratification process for India-NZ FTA has begun, no set timeline yet: MEA

New Zealand's Free Trade Agreement ratification process has begun. The first parliamentary reading for the pact has already been completed. Officials confirmed no fixed timeline exists for the agreement's implementation. New Zealand assured India of bipartisan political support for the pact. This facilitation aims for a long-term economic partnership with…

The Economic Times

India-UK FTA: Pharma industry flags regulatory priorities ahead of July 15 rollout

Industry stakeholders expect stronger trade, investment, and research partnerships but say implementation clarity will determine the pact’s long-term impact.

The Economic Times

Raising the bar: India-UK FTA seen driving next wave of premiumisation in alco-bev industry

Under the India-UK trade deal, set to take effect on July 15, India will be reducing duty on UK whisky and gin from 150% to 75% and further to 40% in the tenth year of the deal.

The Economic Times

Thailand, EU free trade talks make more progress

Thailand and the European Union have concluded eight more negotiating items in their latest free trade agreement (FTA) talks, a key step toward finalising the long-awaited pact, Commerce Minister Suphajee Suthumpun said.

Bangkok Post

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The Economic Times

Why the India-UK trade pact could make this India’s decade for the textile industry

Industry experts say that the trade deal is expected to improve India’s price competitiveness, enhance export opportunities, and strengthen its position as one of the world’s key fashion and retail markets.

The Economic Times

Do not see India-Peru FTA happening anytime soon, says Piyush Goyal

India's proposed free trade agreement with Peru faces delays due to market access concerns for certain products, according to Commerce Minister Piyush Goyal. He indicated the Peru FTA is unlikely to conclude soon. In contrast, negotiations for an India-Canada FTA are progressing well, with a team heading to Canada for…

The Economic Times

EU unveils new steel import quotas to protect its industry from overcapacity, reserves half for FTA partners

The European Commission has implemented new quotas to curb duty-free steel imports, aiming to bolster the EU's steel sector and boost capacity utilization. Annual tariff-free imports will be cut by 47% to 18.3 million tonnes, with a hefty 50% duty on out-of-quota steel. Half of these quotas are reserved for…

The Economic Times

'India-Israel FTA may be signed in very near future': Israel Embassy's Economic Division head Ofir Amami

India and Israel are discussing a Free Trade Agreement (FTA) covering goods and services, and the agreement could be signed in the near future as both countries seek to deepen economic cooperation and strengthen bilateral trade ties, Ofir Amami, Head of Economic and Commercial Mission at the Embassy of Israel,…

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The Economic Times

World MSME Day: What India’s recent FTAs and trade deals mean for MSMEs

While FTAs have opened global markets for MSMEs, experts say future deals should be designed more carefully to help small firms compete at home and abroad.

The Economic Times

India’s trade strategy: Moving beyond FTAs

Currently, India’s FTA utilisation rate hovers around 25% compared to 70-80% in developed economies.

The Economic Times

India-UK FTA levels the playing field for apparel exporters, says Pearl Global's Pallab Banerjee

India's apparel exports are set for a significant boost with the new UK Free Trade Agreement, finally removing a long-standing 10-12% tariff disadvantage against competitors like Bangladesh and Cambodia. Industry leaders anticipate improved price competitiveness, attracting fresh investments, increasing exports, and creating substantial employment opportunities across various garment categories.

Bangkok Post

Thai-Bhutan pact receives approval

The cabinet has approved the Thailand-Bhutan free trade agreement (FTA), which is expected to take effect early next year.

The Economic Times

India's biggest trade bet comes with six red flags

India may be adding more trade partners, but its latest FTA report card comes with several red marks. A new study by the Global Trade Research Initiative (GTRI) warns that while free trade agreements have become a cornerstone of India's trade strategy, the country is grappling with six persistent challenges…

The Economic Times

Manufactured monopoly: How industrial policy is structuring monopolies in India

India's industrial strategies are shaping a landscape where giant corporations thrive while smaller enterprises struggle to keep up. Policies like tariffs, regulations and quality controls act as gatekeepers, limiting new entrants. This imbalance not only stifles innovation but also poses a challenge to the ambitious vision of a developed India.

The Economic Times

While Europe negotiated FTA, this startup was already hosting India's internet economy

A new trade deal between India and Europe opens doors for businesses. However, companies like Hostinger from Lithuania already found success in India by understanding local needs. They focused on affordable, user-friendly online tools. This shows that early localization and market understanding are key to winning in India, not just…

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