economy
February 17, 2026
Trade deals will give India more access to EU and UK
Trade deals with the UK and EU will help Indian products integrate better into global supply chains, Narendra Modi has said
TL;DR
- India has signed free trade agreements with 38 nations, including pacts with the UK and EU.
- These agreements offer market access in advanced economies and aim to integrate Indian products into global supply chains.
- The India-UK and India-EU FTAs will eliminate tariffs on 99% of Indian exports to these regions.
- Merchandise trade with Australia and the UAE has doubled since FTAs were signed.
- India is seeing growth in defense manufacturing, pharmaceuticals, electronics, textiles, engineering goods, and chemicals.
- India is expanding capacity to build a domestic AI ecosystem, focusing on accessibility and affordability.
- India will inaugurate a global AI Impact Summit to establish a shared roadmap for global AI governance and collaboration.
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