India wraps up 5 major trade deals in 12 months, US being latest

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• India made five major trade deals last year, including with the US and EU.
• US pact cuts tariffs on Indian goods to 18 percent, zero on US imports to India
• India is negotiating new trade deals with Peru, Chile, Israel, and the EAEU bloc.

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India has successfully concluded five major trade agreements over the past year, with the most recent being a bilateral trade pact with the United States, announced on February 2, 2026.

Under the agreement, the US will reduce reciprocal tariffs on Indian goods to 18 percent, while duties on American products imported are expected to drop to zero, according to U.S. President Donald Trump.

The deal also includes commitments on energy, technology, and agricultural trade, marking a reset in commercial ties between the two countries.

Closely preceding the US pact was the India–European Union trade deal, finalised on January 27 of this year, after nearly two decades of negotiations.

The landmark agreement is expected to eliminate or sharply reduce tariffs on approximately 90 percent of goods traded between the two sides, benefiting sectors such as textiles, engineering goods, marine products, and automobiles.

In July 2025, India signed a Comprehensive Economic and Trade Agreement (CETA) with the United Kingdom, providing near zero-duty access on about 99 percent of Indian exports to the UK, including textiles, leather, engineering goods, and marine products.

The agreement also allows India to gradually reduce tariffs on a wide range of British goods over a phased timeline.

The India–Oman Comprehensive Economic Partnership Agreement (CEPA) was concluded in December 2025, opening near-zero tariff access on over 98 percent of Omani tariff lines for Indian exports, covering gems and jewellery, textiles, pharmaceuticals, and engineering products.

The pact also enhances cooperation in services, investment, and skilled mobility.

Additionally, the India–New Zealand Free Trade Agreement, finalised in December 2025, commits both countries to tariff liberalisation on roughly 95 percent of traded goods, supporting Indian exports and long-term investment in manufacturing, services, and innovation sectors.

These five agreements, spanning North America, Europe, the Gulf, and the Pacific, underscore India’s efforts to fast-track trade deals, securing better market access and mitigating the impact of global trade volatilities.

India is also currently negotiating trade deals with Peru, Chile, Israel and the Eurasian Economic Union (EAEU) bloc of nations, led by Russia, among others.