New Delhi [India], November 13 (ANI): India’s exports to key Free Trade Agreement (FTA) companions registered robust development throughout April-September FY27, with shipments to Singapore surging 103 per cent, Malaysia rising 83 per cent and ASEAN international locations recording a 58 per cent enhance, based on knowledge introduced by the Ministry of Commerce and Industry on Friday.
The knowledge, introduced throughout a press convention addressed by Commerce Secretary Rajesh Agrawal, highlighted India’s increasing commerce partnerships and up to date developments in free commerce agreements, together with the implementation of the India-New Zealand FTA and progress below the India-European Free Trade Association (EFTA) settlement.
According to the ministry, India’s exports to Singapore greater than doubled to USD 11.07 billion throughout April-September FY27 from USD 5.45 billion within the corresponding interval final yr.
Exports to ASEAN international locations elevated to USD 28.06 billion from USD 17.75 billion, whereas shipments to Malaysia rose to USD 5.58 billion from USD 3.05 billion.
Similarly, exports to Sri Lanka elevated 73 per cent to USD 3.94 billion, whereas shipments to Oman rose 47 per cent to USD 3.29 billion.
Exports to Japan elevated 40 per cent to USD 4.10 billion, whereas shipments to South Korea grew 24 per cent to USD 3.91 billion.
On the FTA entrance, the ministry highlighted that the India-New Zealand Free Trade Agreement, signed on April 27, 2026, entered into pressure on October 20, offering speedy zero-duty entry for 100 per cent of Indian exports throughout all sectors.
Under the settlement, New Zealand has dedicated to facilitating USD 20 billion in funding into India throughout infrastructure, manufacturing, renewable vitality, agricultural expertise and MSMEs.
The settlement additionally creates mobility alternatives for Indian professionals, together with 5,000 expert visas, scholar work rights and post-study employment alternatives.
Meanwhile, the ministry highlighted developments below the India-EFTA Trade and Economic Partnership Agreement (TEPA), which accomplished one yr since its entry into pressure.
The second India-EFTA Prosperity Summit, held in New Delhi on October 7, witnessed funding bulletins throughout manufacturing, vitality, maritime, healthcare, meals processing, aviation and infrastructure finance.
The summit additionally facilitated business-to-business engagements in superior manufacturing, healthcare, clear vitality and the blue economic system.
According to the ministry’s knowledge, India’s exports to EFTA-TEPA companions elevated 5 per cent to USD 1.03 billion throughout April-September FY27, in contrast with USD 0.98 billion a yr earlier. (ANI)