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flag India gains preferential access to 2/3 global trade via new FTAs, aiming for $1T exports.

flag India now has preferential access to nearly two-thirds of global trade, Union Commerce and Industry Minister Piyush Goyal said at the 5th National Exports Competitiveness Summit 2026 in Chennai. flag He highlighted recent Free Trade Agreement advancements, including new negotiations with the Gulf Cooperation Council, advanced talks with Israel, and preparations to begin discussions with Chile—all within a single day. flag Goyal cited doubled merchandise trade with Australia and the UAE as evidence of FTA benefits and outlined a four-point export strategy focusing on MSME outreach, quality standards, value chain upgrades, and district-level mentorship. flag The summit emphasized government-industry collaboration to achieve India’s $1 trillion export goal.

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