CEA Nageswaran highlights regulatory challenges hindering India’s FTA benefits at CII Summit 2026

NEW DELHI : Chief Economic Advisor V. Anantha Nageswaran has highlighted the urgent need to bridge the gap between India’s Free Trade Agreements (FTAs) and their on-ground implementation, warning that regulatory and procedural barriers could dilute the intended gains from these trade pacts.

Speaking at the CII Annual Business Summit 2026, the CEA noted that India has signed nine major FTAs over the past five years as part of its intensified trade diplomacy strategy aimed at expanding global market access and diversifying economic partnerships. However, he cautioned that the real value of these agreements depends on effective implementation mechanisms and streamlined regulatory systems.

Nageswaran observed that customs procedures, conformity assessments, certification requirements, and compliance-related regulations continue to create significant operational challenges for exporters and businesses. He stated that these non-tariff barriers can undermine the benefits of preferential tariffs offered under FTAs if not addressed in a timely manner.

The summit discussions underscored the importance of regulatory harmonisation, improved inter-ministerial coordination, and faster trade facilitation measures to strengthen India’s global competitiveness. Industry stakeholders emphasised that aligning domestic regulations with international trade commitments will be critical for maximising the economic gains from India’s expanding network of trade agreements.

The remarks come at a time when India is actively pursuing deeper trade engagement with key global economies and positioning itself as a major player in international supply chains and global commerce.