TaxTMI 
TaxTMI 
India's free trade agreements: An explainer
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....ndia's free trade agreements: An explainer<BR>Customs & Trade<BR>Dated:- 22-12-2025<BR>PTI<BR>New Delhi, Dec 22 (PTI) India on Monday announced closure of negotiations for a free trade agreement signed with New Zealand, its 18th deal so far as the country aims to boost bilateral trade and investments. The India-New Zealand FTA is expected to be signed in the next three months and it is likely to....
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.... come into force next year. Other regions and countries with which India has signed such agreements include the four-nation European bloc EFTA, Japan, Korea, Oman, and Australia. Since 2014, India has signed six trade pacts with Mauritius, the UAE, Australia, EFTA, and the UK. What is a Free Trade Agreement (FTA) It's an economic arrangement between two or more countries where they agree e....
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....ither to end or significantly reduce customs duties on the maximum number of goods traded between them, besides cutting down non-trade barriers on a significant value of imports from partner countries and easing norms to promote services exports and bilateral investments. Benefits of FTAs Zero-duty entry into partner country markets helps in the diversification and expansion of export markets.....
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.... Such pacts attract foreign investment to stimulate domestic manufacturing. They allow access to raw materials, intermediate products and capital goods for value-added manufacturing. FTAs signed by India so far India has inked trade deals with Sri Lanka, Bhutan, Thailand, Singapore, Malaysia, Korea, Japan, Australia, the UAE, Mauritius, the 10-nation bloc ASEAN (Association of Southeast Asian ....
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....Nations), and four European nations' bloc EFTA (Iceland, Liechtenstein, Norway, and Switzerland). In addition, India is negotiating trade agreements with a number of its trading partners, including the US, New Zealand, the European Union (EU), Chile, Peru, and Israel. India-New Zealand FTA All Indian goods including labour-intensive sectors like textiles, plastic items, leather and engineeri....
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....ng goods will enter at zero duty in New Zealand. New Zealand has given a commitment to invest (FDI) USD 20 billion over 15 years. India has secured commitments across a wide range of high-value services sectors including IT and IT-enabled services, professional services, education, financial services, tourism, construction and other business services. The FTA Opens Skilled Employment Pathway....
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....s through a new Temporary Employment Entry Visa pathway for Indian professionals in skilled occupations, with a quota of 5,000 visas at any given time and a stay of up to three years. PTI RR DR DR<BR> News - Press release - PIB....