Lok Sabha Question No. 5117 (UNSTARRED), answered on 2026-03-24
Subject: FTAs Signed by India
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Jagadish Chandra Barma Basunia

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE

## LOK SABHA UNSTARRED QUESTION NO. 5117 ANSWERED ON 24/03/2026

## FTAs SIGNED BY INDIA

## 5117.  SHRI JAGADISH CHANDRA BARMA BASUNIA:

Will the Minister of COMMERCE AND INDUSTRY ( वाणिज्य एवं उद्योग मंत्री ) be pleased to state:

- (a) the Free Trade Agreements (FTAs) signed by India, year-wise since 2014;
- (b) the details of customs duty forgone as a result of these FTAs, FTA-wise details since 2014; and
- (c) the details of the estimated customs duty forgone as a result of the trade deal with the USA?

## ANSWER

## वाणिज्य एवं उद्योग मंत्रालय में राज्यमंत्री ( श्री णिणिन प्रसाद

## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY

## ) (SHRI JITIN PRASADA)

(a) and (b) Since 2014, India has signed 06 Free Trade Agreements (FTAs) with its trade partners namely, Mauritius, United Arab Emirates (UAE), Australia, European Free Trade Association (EFTA), the United Kingdom (UK) and Oman. FTA with UK and Oman will be implemented and enter into force post ratification of partner countries as per agreement. The details are placed at Annexure. In addition, FTA negotiations with New Zealand and the European Union have been concluded on 22nd December 2025 and 27th January 2026 respectively.

Being voluminous, the Statement of Customs Duty forgone may be sourced at https://www.indiabudget.gov.in/ in the Receipt Budget Documents.

FTAs  are  complex  economic  instruments  aimed  at  expanding  trade,  export  competitiveness  and deepening economic integration. FTAs provide calibrated market access through tariff elimination at Entry into Force (EIF), phased reductions, and sensitive/exclusion lists across sectors.

The details of tariffs structure and salient features of these FTAs may be sourced at https://www.commerce.gov.in/international-trade/.

(c):       India has not signed any FTA with United States of America (USA). India and the United States (U.S.) announced a trade deal on February 02, 2026. A Joint Statement for the same was released on February 07 2026. On February 07, 2026, 25% additional ad valorem tariffs imposed by the U.S. on certain India's exports citing India's imports of Russian oil were removed. Pursuant to U.S. Supreme Court judgement dated February 20, 2026 invalidating reciprocal tariffs, the reciprocal tariffs are no longer in force. The U.S. Government has issued Executive Orders imposing 10% tariffs on certain products from all countries. The Government is studying all the developments and remains engaged with the U.S. Government.

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## Annexure

## Annexure referred to in reply to Part (a) to (c) of Lok Sabha Unstarred Question No. 5117 for answer on 24.03.2026

## India's Free Trade Agreements since 2014

|   Sl. No. | Name of the Agreement                                                                        | Date of Signing of the Agreement   | Date of Implementation of the Agreement   |
|-----------|----------------------------------------------------------------------------------------------|------------------------------------|-------------------------------------------|
|         1 | India - Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA)       | 22 nd February, 2021               | 1 st April, 2021                          |
|         2 | India-UAE CEPA                                                                               | 18 th February, 2022               | 1 st May 2022                             |
|         3 | India-Australia Economic Cooperation and Trade Agreement (ECTA)                              | 2 nd April, 2022                   | 29 th December 2022.                      |
|         4 | India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) | 10 th March 2024                   | 01 st October 2025                        |
|         5 | India - UK Comprehensive Economic and Trade Agreement (CETA)                                 | 24 th July 2025                    | Under ratification process                |
|         6 | India - Oman Comprehensive Economic Partnership Agreement (CEPA)                             | 18 th December 2025                | Under ratification process                |