India negotiating FTAs with 8-9 blocs, aims to cover 75% of trade: Goyal
He added that the country's free trade agreements would eventually cover about 75 per cent of global trade and help position India as a trusted partner in global value chains
India is negotiating free trade agreements (FTAs) with 8-9 blocs. The goal is for these agreements to cover about 75 per cent of global trade. This effort aims to position India as a trusted partner in global value chains, according to the government.
The US and Canada previously held trade negotiations, but they broke down. Canada suspended talks and withdrew its team on August 21, 2026, after the US offered limited tariff relief. The US had imposed 50 per cent tariffs on Canadian goods.
Canada planned to introduce "dollar-for-dollar" retaliatory tariffs from September 8. The trade talks had started on February 1, 2025.
Brief written by urgent.news from Business Standard IN, Times of India — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Trump tariffs: What India can learn from Canada’s failed trade talks with US timesofindia.indiatimes.com
