Summary
These agreements cut down taxes called tariffs, so Indian goods become cheaper abroad.
Big partners such as the United Arab Emirates and Australia are buying more Indian items.
Key Points
5 points1
India has signed Free Trade Agreements with dozens of countries.
2
The agreements reduce or remove tariffs, making Indian exports more competitive.
3
Exports in the latest financial year topped 860 billion U.S. dollars.
4
The United Arab Emirates became the top destination for Indian goods.
5
New digital tools help exporters prove their products qualify for the deals.
New Words to Learn
5 wordsFree Trade Agreement
A pact that lets countries trade with lower taxes and fewer rules.
tariff
A tax on goods that are brought into a country from abroad.
export
Selling goods or services to another country.
Certificate of Origin
A document that proves where a product was made, allowing special tax treatment.
digital
Using computers or the internet instead of paper.
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