Global Trade & Exports
Weekly Roundup
Global Trade & Exports
India Ratifies Major FTAs and Waives Petrochemical Duties Amid Global Supply Shifts
This report covers trade policy, export incentives, and customs duty updates from 2026-03-30 to 2026-04-06. Brought to you by policyindex.ai. This intelligence contains details on FTA ratifications, critical commodity import extensions, and emergency duty waivers.
Key Statistics
| 915 Million Tonnes | 40 Products | Rs. 10 / Litre |
|---|---|---|
| Major Ports Cargo (FY 2025-26) | Petrochemical items granted duty exemption | Reduction in Petrol/Diesel excise duty |
Weekly Executive Summary
- Major FTA Milestones: India and the UK have completed all internal ratification processes for the India-UK FTA, marking a transition toward implementation alongside progress on India-EU and India-Canada CEPA negotiations during the WTO MC-14.
- Emergency Duty Waivers: In response to the West Asia conflict, the government granted a full customs duty exemption on 40 critical petrochemical products until June 30, 2026, to protect domestic industrial sectors from cost escalations.
- Agricultural Trade Stability: The Directorate General of Foreign Trade (DGFT) extended the "Free" im…
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