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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:
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 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.
Free trade agreements increase bilateral trade, with assessments reporting growth in exports and imports with partner countries. India has entered into thirteen Free Trade Agreements, including three signed within the last five years (India Mauritius CECPA, India UAE CEPA and India Australia ECTA), with some recently signed pacts not yet implemented. India has also signed six limited coverage Preferential Trade Agreements. Economic impact assessments based on data analysis and stakeholder consultations have shown growth in both exports and imports with FTA partners, as reported by the Minister of State in a written reply to the Lok Sabha. of Press 'Enter' after typing page number.
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