New Delhi, May 13 -- The network of free trade agreements (FTAs) now covers more than two-thirds of global trade, as India pushes toward an ambitious $1 trillion export target for the current fiscal year after hitting a record $863 billion in 2025-26, commerce minister Piyush Goyal said.

Speaking at the LEAPS Awards in New Delhi on Wednesday, Goyal said nine FTAs signed over the past three-and-a-half years have brought 38 economies to trade with India, with five more agreements set to become operational within 12 months. Earlier pacts with Japan, South Korea and the Association of Southeast Asian Nations are also part of the network.

The minister said India is actively negotiating trade agreements with Chile, the Maldives, the Gulf Coop...