India signs 13 FTAs with its trading partners

Apr 06: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 under:

SNName of the Agreement
1India-Sri Lanka Free Trade Agreement (FTA)
2Agreement on South Asian Free Trade Area (SAFTA)(India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan, the Maldives, and Afghanistan)
3India-Nepal Treaty of Trade
4India-Bhutan Agreement on Trade, Commerce, and Transit
5India-Thailand FTA – Early Harvest Scheme (EHS)
6India-Singapore Comprehensive Economic Cooperation Agreement (CECA)
7India-ASEAN CECA – Trade in Goods, Services and Investment Agreement (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam)
8India-South Korea Comprehensive Economic Partnership Agreement (CEPA)
9India-Japan CEPA
10India-Malaysia CECA
11India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA)
12India-UAE CEPA (*)
13India-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
1Asia Pacific Trade Agreement (APTA)
2Global System of Trade Preferences (GSTP)
3SAARC Preferential Trading Agreement (SAPTA)
4India-Afghanistan PTA
6India-Chile PTA

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

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Lok Sabha today.


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