FREE TRADE AGREEMENTS

 

FTAs


So far, India has signed 13 Free Trade Agreements (FTAs) with its trading partners, including the 3 agreements, namely India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA), India-UAE Comprehensive Partnership Agreement (CEPA) and India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) signed during the last five years. The list of FTAs signed by India is as follows:

 

SN

Name of the Agreement

1

India-Sri Lanka Free Trade Agreement (FTA)

2

Agreement on South Asian Free Trade Area (SAFTA)

(India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan, the Maldives and Afghanistan)

3

India-Nepal Treaty of Trade

4

India-Bhutan Agreement on Trade, Commerce and Transit

5

India-Thailand FTA - Early Harvest Scheme (EHS)

6

India-Singapore Comprehensive Economic Cooperation Agreement (CECA)

7

India-ASEAN CECA - Trade in Goods, Services and Investment Agreement (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam)

8

India-South Korea Comprehensive Economic Partnership Agreement (CEPA)

9

India-Japan CEPA

10

India-Malaysia CECA

11

India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA)

12

India-UAE CEPA (*)

13

India-Australia Economic Cooperation and Trade Agreement (ECTA) (*)

                 (*) Signed, but yet to be implemented.

                

In addition, India has signed the following 6 limited coverage Preferential Trade Agreements (PTAs):

 

S.No.

Name of the Agreement

1

Asia Pacific Trade Agreement (APTA)

2

Global System of Trade Preferences (GSTP)

3

SAARC Preferential Trading Agreement (SAPTA)

4

India-Afghanistan PTA

5

India-MERCOSUR PTA

6

India-Chile PTA

 

The economic impact assessment of FTAs undertaken in terms of data analysis and stakeholder consultations from time to time has revealed that there has been growth in exports and imports with FTA partners.

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