New Delhi, March 11 -- India is increasingly focusing on free or preferential trade agreements (FTAs) to reduce or eliminate customs tariffs and non-tariff barriers with partner countries amid shifting global trade dynamics, minister of state for commerce and industry Jitin Prasada told the Lok Sabha on March 11, Moneycontrol reported.

Prasada's written response comes as the United States prepares to impose reciprocal tariffs on countries, including India, that levy higher taxes on American goods starting April 2.

Currently, India has 13 FTAs and nine preferential trade agreements and is negotiating similar pacts with the United Kingdom, the European Union, and Oman.

India is in talks with the US to formalise a bilateral trade agreemen...