Major Events 2025-26

Calcutta Chamber of Commerce
  • Calender March 18, 2026
    Special Session on India-Us Trade Deal 2026 & Other FTAS: Opportunities and Strategic Outlook View More ❯
  • Calender February 23, 2026
    Transforming Legacy Into Sustainable Business Enterprise View More ❯
  • Calender February 20, 2026
    Special Session on Commodity as an Asset Class View More ❯
  • Calender February 03, 2026
    Relative Performance of Indian States - India’s Eastern Problems View More ❯
  • Calender January 24, 2026
    Sharp Mind, Strong Heart. Empowering the Inner Core for Outer Success View More ❯

March 18, 2026

Special Session on India-Us Trade Deal 2026 & Other FTAS: Opportunities and Strategic Outlook

Dr. Krishna Gupta, IAS, Hon’ble Additional Chief Secretary, Department of Cooperation and Department of Irrigation and Waterways ( Additional Charge), Govt. of West Bengal was the Chief Guest and the Guest of Honour was Shri Sanjeev Nandwani, Former – Additional DGFT and Zonal Development Commissioner, SEZ’s for East and North-East India, Ministry of Commerce and Industry, Govt. of India

Highlighting recent milestones, Dr. Gupta noted India’s rapid expansion of trade pacts, including the UAE CEPA (2022), Australia ECTA (2022), EFTA TEPA (implemented 2025), UK CETA (2025), Oman CEPA (December 2025), New Zealand FTA (December 2025), the concluded EU FTA (January 2026), and the US interim trade framework (February 2026), which lays the groundwork for a comprehensive Bilateral Trade Agreement (BTA).

Krishna Gupta said India and the United States should continue working towards a Free Trade Agreement (FTA), despite current challenges, to tap one of the world's largest markets in line with India's Vision 2047 and its 30 trillion dollar GDP target. Dr. Gupta, however, struck a cautious note on the immediate feasibility of such a pact. "I don't think an FTA is a realistic objective at this moment, but we need to engage with China as it is a big market': he said. Referring to noted American economist and UN advisor Jeffrey Sachs, Gupta added that China is emerging as a leader in technology, the green sector and artificial intelligence. "We can benefit from their excess capacities in various sectors.

He said that for India to pursue FTAs with the US and the European Union, it must identify new sectors that can drive additional growth. He said sectors such as textiles, leather products, and gems and jewellery have been identified for the EU market, while fanning and IT services have been earmarked for the US. He emphasised the need to identify suitable trading partners and boost exports to sustain growth. He further said that the newly announced India-US Interim Trade Agreement framework, along with India's broader FTA agenda, provides zero-duty access for over $1 billion worth of Indian agricultural exports, including spices, tea and processed foods, while safeguarding sensitive sectors such as dairy and poultry.

The session was conducted by Sanjeev Nandwani, retired Indian Trade Service officer and former Additional DGFT and Zonal Development Commissioner for SEZs. In his welcome address, Chamber president Anant Saharia said the proposed India-EU agreement would open access to one of the world's largest and most advanced markets, strengthen India's global economic engagement, and reduce dependence on any single trading partner.