India's FTA Talks with Israel, GCC Stalled; Canada Negotiations Advance
Commerce Minister Piyush Goyal Updates on Various Trade Negotiations and Targets with Multiple Countries
Quick Look
- India's FTA negotiations with Israel and the GCC are temporarily stalled due to the West Asia crisis, while talks with Canada are at a very advanced stage.
- Ongoing negotiations include those with Chile, Mexico, SACU, and the Eurasia bloc, with new talks initiated with the Maldives.
- Additionally, India aims to double trade with Greece by 2030, focusing on shipping, clean energy, and technology.
AI-generated summary
Why It Matters
India has finalized 9 FTAs in the last 3.5 years, covering 38 countries.
India's free trade agreement (FTA) negotiations with Israel and the six-nation Gulf Cooperation Council (GCC) bloc are "temporarily stalled" but the discussions with Canada are at a "very advanced" stage, commerce and industry minister Piyush Goyal said Monday. [...] India and the Maldives Monday began negotiations for an FTA, the commerce department said in a social media post, [...] Goyal said India has finalised nine free trade agreements (FTA) in the last three and a half years. [...] On India-Greece trade, Goyal said the current $1.3 billion bilateral trade is low and both sides should work to increase it. [...]
What to Watch
AI outlook — possibilities, not facts
India-Canada FTA to be signed within the next 6 months
Likely · Within months
Open Questions
- Resolution timeline for stalled FTA talks
