free trade agreements – Artifex.News https://artifex.news Stay Connected. Stay Informed. Sat, 19 Sep 2026 16:46:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.1 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png free trade agreements – Artifex.News https://artifex.news 32 32 CWC chief flags ‘malpractices’ in phytosanitary certification, pitches integrated logistics to boost agri-exports https://artifex.news/article71481879-ece/ Sat, 19 Sep 2026 16:46:00 +0000 https://artifex.news/article71481879-ece/ Read More “CWC chief flags ‘malpractices’ in phytosanitary certification, pitches integrated logistics to boost agri-exports” »

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Central Warehousing Corporation (CWC) Managing Director Santosh Sinha on Friday (September 19, 2026) raised concerns over what he described as “malpractices” in phytosanitary certification at ports, while declining to provide specific examples or name the entities involved.

Speaking to reporters on the sidelines of “Stakeholder Consultation on Strengthening Agri Export Logistics Through Integrated Warehousing and Value-Added Services”, organised by the Confederation of Indian Industry (CII) jointly with Central Warehousing Corporation (CWC) in Chennai, Mr. Sinha was asked about his reference to malpractices in certification.

He said there had been “a certain result which was not to our liking”, but did not elaborate on the incident or identify any port, agency or official.

Mr. Sinha had raised the issue while explaining CWC’s plans to expand its role beyond conventional warehousing into integrated logistics for agricultural exports. He cited the rejection of Indian rice at Chinese ports and the rejection of mango exports by Japan as examples of the challenges Indian exporters could face when consignments fail to meet requirements in destination markets.

Asked how CWC could address the issue, Mr. Sinha said: “We have the kind of technical expertise that we have available with us.”

He said CWC was also upgrading its technical expertise, pointing to its experience in preserving food commodities. CWC currently stores around 50–60 lakh tonnes of foodgrains and, according to Mr. Sinha, less than 0.5% is lost during storage.

Mr. Sinha said the issue of export rejection was closely linked to phytosanitary requirements.

“Most of it is getting rejected on phytosanitary certifications,” he said.

He said India would encounter more such challenges as exports increase under free trade agreements.

“This is actually the sign of a growing economy. Because you are now going in for your free trade agreements, you will start exporting, you will encounter challenges, you will have to meet them,” he said.

During his address, Mr. Sinha said CWC could add a layer of phytosanitary treatment and preservation to the export supply chain to help ensure that agricultural produce was not rejected at destination ports. Referring to the rejection of Indian consignments, he claimed, “CWC would not have got rejected.”

CWC is seeking to expand its role in agricultural logistics by bringing together storage, preservation, grading, sorting, treatment, cold storage and transportation, with connectivity to ports.

CWC has at least four warehouses lined up for construction in Tamil Nadu this year, Mr. Sinha said, including facilities on the Chennai Outer Ring Road around Korattur/Poonamallee, at Red Hills, and at Theni and Gangaikondan.

CWC is targeting capital expenditure of about ₹1,000 crore this year, similar to the previous year, Mr. Sinha said. Around ₹400 crore would be spent on warehouse development, including land acquisition and construction, while the company is also investing in rail logistics.

Parallelly, the corporation is planning its first hyperloop freight trial at its CFS Logistics Park at JNPT, Mumbai, with a ₹23-crore order placed with IIT Madras-incubated TuTr Hyperloop. The 650-metre pilot, funded by CWC, will test the movement of containers using a Linear Induction Motor-based system, with the corporation also exploring a possible future application between ports and nearby container freight stations.

Initially, CWC envisages using the system to move containers between the port and container freight stations, Mr. Sinha said.

CWC placed the order in March or April this year. A tentative timeline of about a year had been indicated for the trial, he said, while cautioning that the project was an R&D exercise.

“We are willing to give them more time. The more important thing is that the solution should come up,” he said.

CWC will fund the pilot from its own resources, he said.

It has held stakeholder consultations in Mumbai, Delhi and Chennai as part of its effort to develop an integrated logistics solution for agricultural exports. Mr. Sinha said the feedback from the consultations would be compiled into a document, following which the corporation would prepare an action plan.

Published – September 19, 2026 10:16 pm IST



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Committed to conclude trade pact talks this year with Chile: Centre https://artifex.news/article71407223-ece/ Sun, 30 Aug 2026 07:43:00 +0000 https://artifex.news/article71407223-ece/ Read More “Committed to conclude trade pact talks this year with Chile: Centre” »

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Union Commerce Secretary Rajesh Agrawal, during a meeting with Paula Estévez Weinstein, Vice-Minister of International Economic Relations of Chile, on August 27, 2026.
| Photo Credit: X/@DoC_GoI

India is committed to conclude negotiations for a comprehensive trade agreement with Chile this year as it would help further strengthen economic ties between the two countries, the Commerce Ministry said on Sunday (August 30, 2026).

Commerce Secretary Rajesh Agrawal was there in Santiago, Chile to review the progress of the talks.

The proposed comprehensive economic partnership agreement (CEPA) is expected to open new avenues for greater trade and investment, while fostering cooperation in technology, talent and resilient supply chains.

“India remains committed to concluding the CEPA negotiations within this year, with the aim of delivering a balanced and mutually beneficial framework that provides equitable and commercially meaningful outcomes for businesses on both sides,” the Ministry said.

Mr. Agrawal met Paula Estevez Weinstein, Vice-Minister of International Economic Relations, Chile, on August 26 to advance negotiations on the India-Chile CEPA.

The Secretary highlighted the immense potential for enhanced economic cooperation in sectors, including healthcare, pharmaceuticals, energy, minerals, agriculture, machinery, and engineering.

“The successful conclusion of the CEPA negotiations would provide further momentum to the growing bilateral trade and economic partnership between the two countries,” it said.





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‘Substantial’ gap between what FTAs promise and what regulations currently permit, CEA Nageswaran warns https://artifex.news/article70970310-ece/ Tue, 12 May 2026 14:01:00 +0000 https://artifex.news/article70970310-ece/ Read More “‘Substantial’ gap between what FTAs promise and what regulations currently permit, CEA Nageswaran warns” »

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Chief Economic Advisor V. Anantha Nageswaran during the Confederation of Indian Industry (CII) Annual Business Summit 2026, in New Delhi on May 12, 2026.
| Photo Credit: ANI

Free Trade Agreements (FTAs) create value only once they are implemented not when they are signed, Chief Economic Advisor V. Anantha Nageswaran asserted on Tuesday, warning that there is a “substantial” gap between what the trade deals promise and what the regulatory frameworks actually allow. 

Mr. Nageswaran’s comments come days after the European Union’s Ambassador to India too warned that compliance issues could still derail the benefits of the India-EU FTA.

During his speech at the Confederation of Indian Industry’s Annual Business Summit 2026, Mr. Nageswaran said that the nine trade agreements and comprehensive economic partnerships that India has entered into in the last five years “represent the most concentrated burst of trade diplomacy in independent India’s history”. 

Also Read | Government working on FTA utilisation plan to maximise benefits for businesses

Statements of intent

He added that the frameworks with the United Kingdom, European Union, EFTA, U.S., Oman, New Zealand and Australia are not merely commercial arrangements. 

“They represent a diversification of economic relationships that is simultaneously a statement of strategic intent that India will expand its economic footprint across multiple geographies, reducing dependence on any single market or corridor,” he said. 

However, he also noted that such agreements create value only at implementation, not at signing. 

In Focus podcast | India-U.K. FTA: Does it pack enough to increase bilateral trade?

Procedural barriers 

“The gap between the frameworks we have concluded and the depth of integration they would actually permit if the regulatory standards and procedural barriers on both sides were seriously addressed remains substantial,” Mr. Nageswaran noted. 

“The imperative is to close that gap with the same urgency that was brought to the conclusion of the agreement themselves,” he added. 

Speaking at a separate industry event last week, the EU’s Ambassador to India Hervé Delphin made similar points about the India-EU FTA. He pointed out that customs procedures or conformity requirements should serve their purpose and not be used as trade barriers.  

“If administrative procedures are too burdensome, businesses may consider that cost of compliance outweighs the benefits of preferential tariffs, in which case the FTA potential would be lost,” Mr. Delphin had warned. 



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How India secured RCEP’s advantages without exposing itself to the ‘China risk’ https://artifex.news/article70442861-ece/ Sat, 27 Dec 2025 09:02:00 +0000 https://artifex.news/article70442861-ece/ Read More “How India secured RCEP’s advantages without exposing itself to the ‘China risk’” »

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A little more than six years after India stepped away from joining the Regional Comprehensive Economic Partnership (RCEP), India is in a position to reap the benefits such a grouping would have provided it, without exposing itself to the risks. 

India and New Zealand on December 22, 2025, announced the conclusion of negotiations on a Free Trade Agreement (FTA). Once this FTA comes into effect, India would have such FTAs with all the countries in the RCEP except for China. Trade experts say this strategy has given India market access without surrendering tariff control to China. 

The RCEP countries are the 10 ASEAN members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam), Australia, China, Japan, South Korea, and New Zealand. 

Backing out of RCEP

In November 2019, just as the soon-to-be members of RCEP were about to finalise their agreement, Prime Minister Narendra Modi announced that India would not be a part of the grouping in its current form. 

“The present form of the RCEP agreement does not fully reflect the basic spirit and the agreed guiding principles of RCEP,” Mr. Modi had said at the time. “It also does not address satisfactorily India’s outstanding issues and concerns. In such a situation, it is not possible for India to join the RCEP agreement.” 

While Mr. Modi did not expressly say it, government officials and trade experts were clear that the reason India did not join the grouping was because of the apprehensions related to entering into an FTA with China. The fear was that this would provide China virtually duty-free access to the Indian market. 

“We could not have had an FTA with China,” Pankaj Chadha, Chairman of the Engineering Exports Promotion Council of India told The Hindu. “The reason not to sign RCEP was only China. Chinese manufacturing is far superior and competitive. I don’t think it’s possible to do anything except accept the fact that we cannot have China in the picture when it comes to these trade deals.”

‘RCEP minus China’

While India already had FTAs with several RCEP members at the time, it then strategically went about concluding negotiations with the remaining members, Mr. Chadha explained. 

“This RCEP minus China outcome was part of the government’s strategy,” he said.

Ajay Srivastava, founder of the Global Trade Research Initiative and a former Director General of Foreign Trade, said that this ‘RCEP minus China’ strategy is a far superior one to joining RCEP itself.

“India’s decision to stay out of RCEP reflects smart risk management: by signing bilateral FTAs with 14 of the 15 RCEP members and keeping China limited to a narrow APTA framework, India secures market access without surrendering tariff control,” Mr. Srivastava said.

India and China are currently signatories to the Asia Pacific Trade Agreement (APTA), which is a preferential trade agreement that provides lower tariffs on a few items rather than an FTA, which typically lowers most tariffs to zero.

In fact, Mr. Srivastava added, joining RCEP would have even been worse for India than signing a direct FTA with China because a bilateral deal with China would allow India to exclude sensitive sectors and pace liberalisation. On the other hand, RCEP’s integrated structure would have diluted safeguards and enable indirect entry of Chinese goods via other members, he said.

“The current strategy delivers access without systemic vulnerability — and is far superior to a China-centric multilateral pact,” Mr. Srivastava said.

Dealings with other RCEP members

Most of India’s trade deals with the RCEP members came into effect before the Modi government came to power in 2014. However, a few key ones have been finalised since then. 

The India-ASEAN FTA came into effect in January 2010, as did the India-South Korea Comprehensive Economic Partnership Agreement (CEPA). Soon after, in August 2011, the India-Japan CEPA came into effect. 

The India-Australia Economic Cooperation and Trade Agreement (ECTA) came into effect in December 2022, with the two countries currently negotiating how to widen the scope of the deal. 

Finally, the negotiations on an FTA with New Zealand, the final non-China RCEP country, ended on December 22, 2025.

Published – December 27, 2025 02:32 pm IST



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FTA talks going on with several countries, including U.S.: Goyal https://artifex.news/article70108675-ece/ Mon, 29 Sep 2025 11:22:00 +0000 https://artifex.news/article70108675-ece/ Read More “FTA talks going on with several countries, including U.S.: Goyal” »

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Union Minister of Commerce and Industry Piyush Goyal in the U.S.
| Photo Credit: PTI

India is negotiating free trade agreements (FTAs) with a number of countries including the U.S., New Zealand, Oman, Peru, Chile, and the European Union, Commerce and Industry Minister Piyush Goyal said on Monday (September 29, 2025).

He said that Qatar and Bahrain too are keen to negotiate trade pacts with India.

In August, India and the Eurasian Economic Union (EAEU) comprising Armenia, Belarus, Kazakhstan, Kyrgyz Republic and Russia signed Terms of Reference (ToR) to launch negotiations on an FTA, he said.

“Talks are going with the U.S. (for a trade agreement). Talks are also underway with the EU, New Zealand, Oman, Peru and Chile,” he said at U.P. International Trade Show, Greater Noida.

Last week, the Minister led an official delegation to New York for trade talks. After that meeting, India and the U.S. decided to continue negotiations for early conclusion of a mutually beneficial bilateral trade agreement.

Both sides held constructive meetings on various aspects of the trade deal. During the visit, the Minister held meetings with United States Trade Representative (USTR) Jamieson Greer and U.S. Ambassador-designate to India Sergio Gor.

These deliberations were important as they took place after the U.S. imposed a 25% reciprocal tariff and an additional 25% penalty on Indian goods entering the American market for purchasing Russian crude oil. At present, total 50% additional import duty is imposed on Indian goods.

In February this year, leaders of the two countries directed officials to negotiate a proposed Bilateral Trade Agreement (BTA).

It was planned to conclude the first tranche of the pact by the fall (October-November) of 2025. So far, five rounds of negotiations have been held. The pact is aimed at more than doubling the bilateral trade to $500 billion by 2030 from the current $191 billion.

The U.S. remained India’s largest trading partner for the fourth consecutive year in 2024-25, with bilateral trade valued at $131.84 billion ($86.5 billion exports).

The U.S. accounts for about 18% of India’s total goods exports, 6.22% in imports, and 10.73% in the country’s total merchandise trade.

Mr. Goyal also informed that the Trade and Economic Partnership Agreement (TEPA) between India and the four European nations bloc, EFTA (European Free Trade Association) will come into force from October 1. It was signed on March 10, 2024.

Under the pact, India has received an investment commitment of $100 billion in 15 years from the grouping while allowing several products, such as Swiss watches, chocolates, and cut and polished diamonds, at lower or zero duties.

“This pact will benefit” Indian traders, he said adding these agreements reflect increasing interest of the developed world towards India.

Further, the Commerce Minister called for buying Made in India goods to promote domestic manufacturing.



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EFTA looking at reduction in trade barriers on pharma, Swiss chocolate, fish in proposed pact with India https://artifex.news/article67241294-ece/ Sun, 27 Aug 2023 11:45:20 +0000 https://artifex.news/article67241294-ece/ Read More “EFTA looking at reduction in trade barriers on pharma, Swiss chocolate, fish in proposed pact with India” »

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 Currently, there are approximately 330 Swiss companies in India, creating more than 1,70,000 jobs. More than half of them manufacture in India and export from there worldwide.
| Photo Credit: Reuters, The Hindu

Four-nation bloc EFTA is looking at significant reduction in trade barriers on sectors such as machine tools, advanced chemicals, pharma, chocolates, Norwegian and Icelandic fish in the proposed free trade agreement with India, a Swiss minister said.

Swiss State Secretary for Economic Affairs Helene Budliger Artieda also said that with India, the EFTA grouping is aiming for an ambitious and comprehensive agreement in trade in goods, services and protection of intellectual property rights (IPRs).

India and European Free Trade Association (EFTA) states – Iceland, Liechtenstein, Norway, and Switzerland – are negotiating a Trade and Economic Partnership Agreement (TEPA) with a view to boosting economic ties between the two regions.

Negotiations on the agreement were officially launched in January 2008. 13 rounds of negotiations were held until autumn 2013 before the talks were put on hold. After talks were resumed in October 2016, a number of rounds have taken place.

“Regarding trade in goods, India applies high tariffs on many of the EFTA countries’ exports. We obviously look for a substantial reduction of trade barriers, particularly for such high-value-added products as machine tools, advanced chemicals and pharmaceuticals, Swiss chocolate, Norwegian and Icelandic fish, and so on. This is our main focus,” Artieda told PTI in an e-mailed interview.

EFTA has 29 free trade agreements (FTAs) with 40 partner countries including Canada, Chile, China, Mexico, and Korea.

Replying to a question whether Switzerland is seeking zero import duty on gold from India under TEPA, she said, “We understand that gold is a very sensitive topic for our Indian colleagues and the ultimate goal of each negotiation is to find a good balance respecting the key interests and sensitivities of both sides”.

Gold has a large footprint in the India-Switzerland bilateral trade, which stood at $17.14 billion in 2022-23. Out of this, imports stood at $15.8 billion in that fiscal.

On any deadline for concluding the talks, the Swiss minister said negotiations for TEPA have been going on for more than 15 years and a lot of effort from both sides has been made during the past few months in order to conclude these negotiations swiftly.

“We should seize this excellent momentum and continue to work constructively towards a successful conclusion of a mutually beneficial agreement in the coming weeks,” Artieda said.

She added that the agreement and a new bilateral investment treaty would send out a clear message to the Swiss and Indian businesses to further exploit the potential.

“The conclusion of these agreements is clearly the next important step for both our countries,” the minister said. Replying to a question about ways to increase Swiss investments into India, she said Swiss companies are determined to invest in India and governments can foster conducive conditions to enable it and the trade pact is the cornerstone of these efforts.

“At the moment, high customs duties are an impediment for trade and hence, for further investments. Swiss companies are known for being innovative. Therefore, an adequate protection of IPRs can play a major role in companies’ strategic long-term decisions to invest in India,” the minister added.

The Swiss companies, she said, interested in investing more in India come from different kinds of sectors like MEM (machinery, electrical and metal), pharmaceutical, finance, construction, sustainable technologies and cleantech industry and ICT services.

Currently, there are approximately 330 Swiss companies in India, creating more than 1,70,000 jobs. More than half of them manufacture in India and export from there worldwide.

“There is immense potential for collaboration in the development of infrastructures – notably railways, water/waste management and renewable energies – and areas such as clean technologies,” she said.

On India-Switzerland innovation platform, the Swiss minister said that the platform will be officially launched on October 30 during a three-day Indo-Swiss Dialogue on Antimicrobial Resistance (AMR) at the National Center for Biological Sciences.

“The goal of the innovation platform is to grow our collaboration in a more strategic way in areas that are of importance to both our countries, such as health, sustainability, and digital transformation,” she added.

A free trade agreement between the two regions is officially dubbed as TEPA. Under such pacts, two trading partners significantly reduce or eliminate customs duties on the maximum number of goods traded between them, besides easing norms to promote trade in services and investments.

EFTA countries are not part of the European Union (EU). It is an inter-governmental organisation for the promotion and intensification of free trade. It was founded as an alternative for states that did not wish to join the European Community.

India’s exports to EFTA countries during 2022-23 stood at $1.92 billion as against $1.74 billion in 2021-22. Imports aggregated at $16.74 billion during the last fiscal as compared to $25.5 billion in 2021-22.

The trade gap is in favour of the EFTA group, according to the data of the commerce ministry.



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