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Piyush Goyal said India has concluded nine free trade agreements covering 38 developed economies over the past four to four and a half years.
He made the remarks at the PHD Chamber of Commerce and Industry annual session, where he said older agreements before 2014 gave preferential access to a smaller share of global GDP.
Goyal said ongoing trade talks include the United Kingdom, Canada, and Gulf nations, and one report also said the United Arab Emirates and Oman are among the partners in progress.
He said stakeholder consultations with industry, farmers, and fishermen guide how trade agreements are shaped.
More context
Goyal also said the interim trade agreement framework with the United States will be finalized in light of changed circumstances, and one report said trade ministers from the United Kingdom and Canada are scheduled to visit India.
He said export numbers through September were good, and one report said the EFTA trade pact took effect on October 1, 2025.