11 May 2026
India and African Union sign FTA framework agreement
UPSC
International Relations
Economy
Summary
India and African Union (55 countries) signed framework for Free Trade Agreement at India-Africa Summit. Goal: triple bilateral trade from $100 bn to $300 bn by 2030. Focus: pharma, IT, agriculture, infrastructure.
Why it matters
UPSC IR + GS-3 (Trade, Economy). Connect with G20 expansion to include AU (2023), India's leadership in Global South, BRICS+ enlargement.