13 Free Trade Agreements
(FTAs) Signed Last Five Years
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:
|
SNo. |
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 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 on 6 April
2022.