India’s ongoing free trade agreement (FTA) negotiations could significantly expand preferential market access for the country’s merchandise exports. According to Commerce Department data, concluding all trade agreements currently under negotiation could increase the share of India’s exports covered by preferential trade agreements from 27.4% to 74.5%.

Existing trade agreements currently cover exports worth $120.9 billion, representing 27.4% of India’s total merchandise exports of $441.5 billion in FY26. The expansion could strengthen India’s global trade presence, improve export competitiveness and provide businesses with greater access to international markets.