ToolsEngg.com, a leading precision tooling manufacturer based in India, is proud to serve customers across the globe. One of the key advantages of sourcing from us is India's expanding network of Free Trade Agreements (FTAs) with many countries and regions worldwide. These agreements create a favorable environment for international buyers by lowering trade barriers and making high-quality Indian products more accessible and cost-effective.
India’s Growing Network of Trade Agreements
India has finalized 16 Free Trade Agreements, including recent deals with the United Kingdom and the four-nation European bloc EFTA (Iceland, Liechtenstein, Norway, and Switzerland). Other major partners include Japan, South Korea, Australia, UAE, Mauritius, Singapore, Thailand, Sri Lanka, Malaysia, and the ASEAN bloc (10 Southeast Asian countries) Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
With FTAs in place, ToolsEngg customers in these countries enjoy preferential trade benefits, such as reduced or zero customs duties on eligible products.
What Does This Mean for You as a ToolsEngg Customer?
When you purchase precision tooling products—such as gear hobs, spline hobs, broaches, and other cutting tools—from ToolsEngg.com, and your country has an FTA with India, you may benefit from:
Reduced or Zero Basic Customs Duty: Many goods covered under FTAs are eligible for significantly lower or even zero basic import duties.
Cost-Effective Imports: Lower duties mean reduced overall costs, making Indian products more competitively priced compared to those from non-FTA countries.
Easier Customs Clearance: FTAs often streamline documentation and customs procedures, ensuring faster and smoother import processes.
Preferential Market Access: ToolsEngg’s Indian-made products can enter your country under preferential terms compared to non-FTA member competitors.
Note: While FTAs offer zero basic customs duty, local taxes such as IGST or any special cess may still apply.
Wide Coverage and Ongoing Negotiations
India’s FTAs cover a vast geography, allowing ToolsEngg to provide preferential shipping to over 90 countries. Negotiations are also ongoing with several key markets such as the United States, European Union, Oman, Peru, and Israel, which may soon offer similar benefits.
Understanding the Types of Trade Agreements
You may come across various terms like FTA (Free Trade Agreement), PTA (Preferential Trade Agreement), CEPA (Comprehensive Economic Partnership Agreement), CECA (Comprehensive Economic Cooperation Agreement) and TEPA (Trade and Economic Partnership Agreement). All of these fall under the broader umbrella of Regional Trade Agreements (RTAs) as recognized by the World Trade Organization (WTO).
Each agreement has its own coverage, but all are designed to facilitate easier, cheaper, and more efficient cross-border trade in goods, services, investments, and more.
A Strategic Advantage for International Buyers
By sourcing from ToolsEngg.com, you are not only getting precision-engineered tooling solutions from India—you are also leveraging the benefits of India’s proactive global trade partnerships. These FTAs are designed to enhance market access, reduce trade costs, and stimulate industrial growth—all of which translate into tangible benefits for you as a buyer.
Ready to take advantage of India’s FTAs?
Browse our product catalog or get in touch to understand how ToolsEngg.com can support your tooling needs with globally competitive pricing and trade-friendly terms.