India’s on-Going
Trade Negotiations
During
the 3rd RCEP Leaders Summit which was held on 4 November, 2019 in Bangkok,
India stated that the current structure of RCEP did not reflect the RCEP
Guiding Principles or address the outstanding issues and concerns of India, in
the light of which India did not join RCEP. RCEP was intended to provide
mutually beneficial outcomes for RCEP countries including India, however, since
the current structure did not adequately address ambition and concerns of India’s
stakeholder, India did not join RCEP in its current form.
The
list of country or group of countries with which trade negotiations have been
initiated by India are given at Annex I.
Annex
I.
On-going
Trade Negotiations
|
S.
No. |
Name
of the Agreement |
|
1 |
India
– EU (European Union) Bilateral Trade and Investment Agreements ( BTIA) |
|
2 |
India
- Sri Lanka Economic and Technical Cooperation Agreements (ETCA) |
|
3 |
India
- Thailand Comprehensive Economic Cooperation Agreement (CECA) |
|
4 |
India
- Mauritius Comprehensive Economic Cooperation and Partnership Agreement
(CECPA) |
|
5 |
India
– EFTA (Iceland, Liechtenstein, Norway and Switzerland) Trade and Economic
Partnership Agreement (TEPA) |
|
6 |
India
- New Zealand FTA/CECA |
|
7 |
India
– Israel Trade Agreement |
|
8 |
India
- Singapore CECA(3rd review) |
|
9 |
India
- SACU PTA (South Africa, Botswana, Lesotho, Swaziland and Namibia) |
|
10 |
India
- Mercosur PTA expansion (Argentina, Brazil, Paraguay and Uruguay) |
|
11 |
BIMSTEC
CECA(Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal) |
|
12 |
India
- Gulf Cooperation Council (GCC) Framework Agreement |
|
13 |
India
– Canada FTA |
|
14 |
India
– Australia CECA |
|
15 |
India-Malaysia
CECA (1st Review) |
|
16. |
India-ASEAN
Trade in Goods Agreement (1st Review) |
|
17 |
India-Korea
CEPA review |
|
18 |
India-Iran
Preferential Trade Agreement (PTA) |
|
19 |
India-Peru
Trade Agreement |
|
20 |
India-EAEU
(Eurasian Economic Union) Technical Consultations |
|
21 |
India-Bangladesh
CEPA |
|
22 |
India-Chile
PTA (2nd expansion) |
|
23 |
India-Indonesia
CECA |
This
information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply
in the Rajya Sabha 13 March 2020.