<h1>India's Trade with FTA Partners Grows 7.1% Annually; FTA Utilization Rates Moderate; Key Sectors Show Higher Use.</h1> India's trade with its FTA and PTA partner countries, including Sri Lanka, Afghanistan, Thailand, Singapore, Japan, Bhutan, Nepal, Republic of Korea, and Malaysia, has grown at a cumulative average growth rate of 7.1% over the past five financial years. Despite growth in imports and exports, FTA utilization rates remain moderate. Specific sectors like iron and steel, plastics, and automotives show higher utilization rates under certain agreements. Reviews of trade agreements are ongoing, with completed and ongoing negotiations for agreements with Singapore, Bhutan, Nepal, Korea, Japan, and ASEAN. This was reported by the Minister of Commerce and Industry.