Centre rolls out measures at JNPA to ease container congestion and protect supply chains amid disruptions linked to the West Asia crisis
The upcoming visit will mark the first minister-level discussions between India and Canada after the signing of the terms of reference for the free trade agreement in March
Goyal said the government has no plans to cut non-essential imports into India as of now
Goyal added that India needs to work closely with the US in areas such as technology, innovation, high-precision defence, digital data centres, quantum computing equipment, and medical devices
India's CAD rose to $13.2 billion, or 1.3 per cent of GDP, in the December quarter from $11.3 billion in the year-ago period, mainly due to a wider trade gap
Commerce Minister Piyush Goyal urged Indian industry to use upcoming FTAs to boost exports and avoid a surge in imports
Goyal urges industry to cut import dependence as rupee hits fresh low and exports push intensifies
Piyush Goyal urges industry to cut import dependence, boost domestic manufacturing and help India achieve $1 trillion exports target
Services shipments too surged to an all-time high of $421.32 billion in 2025-26, compared to $387.55 billion in 2024-25, recording a growth of 8.71 per cent
Since 2021, India has finalised trade deals with Mauritius, the UAE, Australia, Oman, New Zealand, EFTA bloc, UK and the EU.
The free trade agreement (FTA) between India and Oman is expected to come into force from June 1, Commerce and Industry Minister Piyush Goyal said on Tuesday.
India expanded seafood exports to the EU after steep US tariffs hurt shipments, helping fishermen and exporters offset losses from the American market
India-UAE CEPA helped bilateral trade cross $100 billion in 2025-26, with gains in goods and services trade, stronger exports, rising imports, and growth in key sectors, Goyal said
Goyal also said that free trade agreements finalised by India would give a huge boost to the domestic industry
India has already concluded nine FTAs that provide preferential access to nearly two-thirds of the global economy and global trade, covering 38 developed and prosperous countries
The FTA aims to double bilateral trade and facilitate duty-free access to the island nation's markets for Indian companies, as well as bring in $20 billion of investment over the next 15 years
India and the US are engaged in discussions aimed at reaching a balanced and mutually beneficial trade agreement, said a spokesperson for the ministry of external affairs on Thursday
Goyal said the app would provide affordable, authorised fares to the public while ensuring drivers receive fair rights and ownership for their hard work
India and South Korea aim to conclude FTA renegotiation by mid-2027, focusing on fair trade, localisation, and reducing barriers amid concerns over trade imbalance
Goyal said the two sides have agreed to upgrade the India-Korea Comprehensive Economic Partnership Agreement on a "fast-track, mission mode" basis