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Recent Current Affairs related to FTA

4 News
24 July 2026 BUSINESS

Union Minister Giriraj Singh inaugurated the 3rd edition of Bharat Tex, India's flagship global textile event, at Bharat Mandapam in New Delhi.

During the event, the Confederation of Indian Textile Industry (CITI) established a bilateral industry platform in collaboration with the European Apparel and Textile Confederation (EURATEX). The event generated business enquiries worth $2.8 billion and secured investment commitments of ₹14,300 crore across various states. Additionally, participating states signed over 30 MoUs.

21 July 2026 INTERNATIONAL

PM Narendra Modi has visited New Zealand at the invitation of PM Christopher Luxon, marking the final leg of his 3-nation tour which also included Indonesia and Australia. He received a traditional Maori powhiri ceremonial welcome at the Government House in Auckland, followed by bilateral talks.

The meeting resulted in 18 major outcomes, including the signing of 10 MoUs and the elevation of India-New Zealand bilateral ties to a Strategic Partnership (SP). Both nations also adopted the 'Roadmap to 2030'.

Key announcements included a target to double bilateral trade to NZD 7 billion (₹35,000 crore) by 2030 and the establishment of a Maritime Security Dialogue. It is to be noted that New Zealand has nominated Maritime Security as a priority pillar under the Indo-Pacific Oceans Initiative (IPOI) and has officially joined the Global Biofuels Alliance (GBA), led by India.

17 July 2026 AGREEMENTS

The India-UK Comprehensive Economic and Trade Agreement (CETA) and the Agreement on Social Security came into force on July 15, 2026. This agreement aims to double bilateral trade to over $100 billion within the next 5 years by removing critical market barriers and easing cross-border professional mobility.

CETA provides zero-duty access for nearly 99% of exports from India. On the first day of the implementation of the agreement, export consignments worth over $140 million were flagged off.

4 July 2026 INTERNATIONAL

Union Minister Piyush Goyal visited London ahead of the official implementation of the India-UK Comprehensive Economic and Trade Agreement (CETA) and the Double Contribution Convention (DCC), which are scheduled to come into force on July 15, 2026.

During the visit, he held a high-level bilateral meeting with Peter Kyle, the Secretary of State for Business and Trade of the UK. Piyush Goyal was conferred with the 'Special award for Exceptional Leadership in Elevating India-UK Relations'.

He also launched the 'UK-India CETA Business Utilisation Manual', a guide for Indian and UK businesses, and announced the deployment of 1,000 advisory personnel across India to assist businesses in maximizing the benefits of the India-UK CETA.

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