{
  "id": 13643545,
  "title": "India expanding trade footprint to strengthen global ties and empower MSMEs: Piyush Goyal",
  "url": "https://urgent.news/2026/10/11/india-expanding-trade-footprint-to-strengthen-global-ties-and-empower",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-11T04:29:56.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/foreign-trade/india-expanding-trade-footprint-to-strengthen-global-ties-and-empower-msmes-piyush-goyal/articleshow/134864720.cms"
  },
  "original_language": "en",
  "account": "India is rapidly expanding its network of free trade agreements to deepen its integration within global economies, support micro, small, and medium enterprises (MSMEs), and accelerate national economic growth, according to Union Minister Piyush Goyal. Over the past four to four and a half years, the country has finalized nine trade pacts covering 38 developed economies, making it an attractive destination for international trade, Goyal stated at the 121st Annual Session of the PHD Chamber of Commerce and Industry. The Minister emphasized that these modern agreements surpass the older ones executed prior to 2014, which provided preferential access to a mere USD 10 trillion global gross domestic product. Goyal highlighted ongoing bilateral and multilateral trade negotiations in key regions, including the UK, Canada, the UAE, Oman, the GCC, Israel, Chile, Mexico, and Eurasian countries. He stressed that trade pacts are now developed through extensive stakeholder consultations, involving consultations with industry, farmers, fishermen, and other concerned groups to ensure the protection of sensitive domestic sectors while opening up overseas demand.",
  "summary": "India is increasing its network of free trade agreements (FTAs) to integrate deeply with global economies. Nine trade pacts covering 38 developed economies have been concluded in the past four and a half years. The trade pacts are not merely confined to bureacratic corridors but also include discussions with stakeholders. India is wrapping up deals with Canada and UK while pursuing energy deals…",
  "key_points": [
    "India has finalized nine trade pacts with 38 developed economies in 4-4.5 years",
    "New agreements surpass older ones providing preferential access to $10 trillion GDP",
    "Trade pacts developed through stakeholder consultations with industry, farmers, fishermen"
  ],
  "editors_take": "India's expanding free trade agreements signal a strategic shift to integrate deeper into global economies, empower MSMEs, and drive national growth while protecting sensitive domestic sectors.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}