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Trade Policy & FTAs

Trade Policy & FTAs (External Sector).

Syllabus: UPSC Pre GS1: Economic & Social Development; Mains GS3

In the news

GS2 · GS3 · International Relations · Trade

India–New Zealand FTA: customs sign pact on electronic origin data exchange

As the India–New Zealand FTA came into force on 20 October 2026, the two customs services signed a Memorandum of Cooperation on Electronic Origin Data Exchange. Signed on 19 October by CBIC and the New Zealand Customs Service, it lets origin data on goods move electronically in advance, so that exporters can claim the FTA’s duty cuts faster and with fewer disputes.

UPSC angle: Prelims: CBIC, CAROTAR, rules of origin, WTO TFA. · Mains GS-III: FTA utilisation and trade facilitation.

21 Oct 2026
GS2 · GS3 · International Relations · Trade

India–New Zealand FTA enters into force: zero duty on all Indian exports from day one

The India–New Zealand Free Trade Agreement came into force on 20 October 2026. From day one, New Zealand charges no customs duty on any Indian export, the first time India has got full duty-free access on all tariff lines at entry into force. New Zealand has also committed to facilitate USD 20 billion of investment into India, while dairy, sugar and edible oils stay protected.

UPSC angle: Prelims: FTA dates, Centres of Excellence, visa quotas, TRQ items. · Mains GS-II/III: FTAs with developed economies and farm safeguards.

20 Oct 2026
GS2 · International Relations · India–US

Rubio in Mumbai: India–US trade deal ‘very, very close’; energy and defence on the table

US Secretary of State Marco Rubio began his second India visit of the year in Mumbai on 20 October 2026 and met External Affairs Minister S. Jaishankar on trade, energy, technology and defence. Rubio said the two sides are ‘very, very close’ to a trade deal with ‘a small number of items left’, and praised India’s progress in diversifying energy supplies.

UPSC angle: Prelims: I2U2, Jamnagar, key office holders. · Mains GS-II: India-US partnership, tariffs and strategic autonomy.

20 Oct 2026
GS2/GS3 · IR · Infrastructure

China to impose export controls on tunnel boring machines from 18 November: what it means for India

On 19 October 2026 China’s Commerce Ministry announced export controls on tunnel boring machines (TBMs) and related items from 18 November, calling them clearly dual-use. India imports TBMs for metro, rail and border tunnels and has faced customs delays on Chinese machines since 2024. China also announced controls on some drones.

UPSC angle: Prelims: export control regimes, SCOMET, Wassenaar, MTCR. · Mains GS-II/III: China dependence and supply-chain resilience.

19 Oct 2026
GS3 · Economy · External Sector

Goyal launches National Strategic Trade Command Centre: one dashboard for DGFT schemes and SCOMET

Commerce and Industry Minister Piyush Goyal launched the National Strategic Trade Command Centre (NSTCC) at Vanijya Bhawan, New Delhi, on 15 October 2026. Built by the Department of Commerce, it gathers data on trade, export schemes, licences and pending applications on one analytics platform. While reviewing the SCOMET dashboard, Goyal asked the Inter-Ministerial Committee to meet weekly if needed to clear pending applications.

UPSC angle: Prelims: SCOMET, DGFT, EPCG, export-control regimes. · Mains GS-III: trade facilitation and governance.

15 Oct 2026
GS2 · International relations

ASEAN–India Trade in Goods Agreement review: 15th Joint Committee meets in Jakarta

The 15th Joint Committee reviewing the ASEAN-India Trade in Goods Agreement met in Jakarta from 6 to 9 October 2026, co-chaired by India and Malaysia. It told all sub-committees to speed up pending chapters with firm, time-bound deliverables. Three of eight sub-committees met, including rules of origin. The next meeting is in India in January 2027.

UPSC angle: Prelims: ASEAN members, AITIGA. · Mains GS-II: regional groupings; GS-III: trade policy.

9 Oct 2026