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India building trade bridges amid global uncertainty: Commerce Minister
Feb-25-2026

In an increasingly uncertain global economic landscape, India is expanding footprint with its proactive trade strategy. This was emphasized by Union Minister of Commerce and Industry Piyush Goyal while virtually addressing the 5th CII National Exports Competitiveness Summit in Chennai. He said that despite global uncertainty, India is building bridges of trade, trust and transformation, and now enjoys preferential trade access to nearly two-thirds of global trade owing to a series of high-quality free trade agreements (FTAs) concluded under the leadership of Prime Minister Narendra Modi.

The Minister underlined that all nine FTAs signed under Prime Minister Narendra Modi’s leadership have been with developed economies that complement, rather than compete with, India’s growth journey. The Minister also emphasized that no nation can become developed without opening its doors to the global economy, reiterating Prime Minister Narendra Modi government’s commitment to reform, perform and transform the Indian economy.

Describing this strategic network of FTAs as part of India’s approach to de-risking through diversified trade partnerships, Goyal has called it unprecedented in scale and ambition. The Minister stated that tangible results are already visible. Merchandise trade with Australia and the UAE has doubled since the signing of FTAs with these countries a few years ago. Goyal further said that the summit theme - Reform, Perform and Transform - is not merely a tagline but a living mantra and the core philosophy of the Prime Minister Narendra Modi Government.


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