Economy, Banking and Finance · 21 October 2026

Government partners with states to boost FTA export outreach for MSMEs and farmers

Exam-focused facts from the 21 October 2026 current affairs briefing.

Key facts

  • Commerce and Industry Minister Piyush Goyal announced dedicated FTA outreach initiatives organised by the Department of Commerce with state governments to help farmers, workers, women, youth, MSMEs and small businesses use India's free trade agreements and explore new export markets.
  • India now has nine free trade agreements spanning 38 countries.
  • India's recent trade agreements include the India-Mauritius agreement (2021), India-UAE Comprehensive Economic Partnership Agreement (May 2022), India-Australia Economic and Trade Agreement (December 2022), and the India-EFTA Trade and Economic Partnership Agreement signed on March 10, 2024, which entered into force on October 1, 2025.
  • The India-UK Comprehensive Economic and Trade Agreement was signed in July 2025, followed by the India-Oman Comprehensive Economic Partnership Agreement in December 2025.
  • The India-New Zealand FTA was announced on December 22, 2025, and entered into force on October 20; the India-European Union FTA was announced on January 27, 2026.
  • India delivered a framework for an interim trade agreement with the United States on February 7, 2026.