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      Customs, DGFT & SEZ

      FTA with JAPAN.

      April 30, 2012

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      Press Information Bureau
      Government of India
      Ministry of Commerce & Industry

      30-April-2012 17:10 IST

      FTA with JAPAN

                  The details of countries with which India has entered into Free Trade Agreement (FTA), including Japan, are given below:

      S.

      No.

      Name of the Agreement and the participating countries

      Date of Signing

      Date of Implementation

      1.

      India - Bhutan Agreement on Trade, Commerce and Transit

      17.01.1972          (revised on 28.7.2006)

      29.07.2006   (Agreement is renewed, from time to time, by mutual consent to such changes and modifications as may be agreed upon between the two countries)

      2.

      Revised Indo-Nepal Treaty of Trade

      06.12.1991

      (Revised on 27.10.2009)

      27.10.2009  (The Treaty is amended/ modified by mutual consent of the Contracting Parties)

      3.

      India - Sri Lanka FTA

      28.12.1998

      March,  2000

      4.

      Agreement on South Asian Free Trade Area (SAFTA) (India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan and the Maldives)

      04.01. 2004

      01.01.2006              (Tariff concessions implemented from 01.07. 2006)

      5.

      India - Thailand FTA - Early Harvest Scheme (EHS)

      01.09.2004

      01.09.2004

      6.

      India - Singapore Comprehensive Economic Cooperation Agreement (CECA)

      29.06.2005

      01.08.2005

      7.

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

      13.08.2009

      1st January 2010 in respect of India and Malaysia, Singapore, Thailand.

      1st June 2010 in respect of India and Vietnam.

      1st September 2010 in respect of India and Myanmar.

      1st October 2010 in respect of India and Indonesia.

      1st November in respect of India and Brunei.

      24 January 2011 in respect of India and Laos.

      1st June 2011 in respect of India and the Philippines.

      1st August, 2011 in respect of India and Cambodia.

      8.

      India - South Korea Comprehensive Economic Partnership Agreement (CEPA)

      07.08. 2009

      01.01.2010

      9.

      India - Japan Comprehensive Economic Partnership Agreement

      16.02.2011

      01.08.2011

      10.

      India - Malaysia Comprehensive Economic Cooperation Agreement

      18.02.2011

      01.07. 2011

      In addition to above-mentioned FTAs, the Government has signed Preferential Trade Agreement with the following countries:-

      S.

      No.

      Name of the Agreement and the participating countries

      Date of Signing

      Date of Implementation

      1

      Asia Pacific Trade Agreement (APTA) (Bangladesh, China, India, Republic of Korea, Sri Lanka)

      July, 1975           (revised Agreement signed on 02.11.2005

      01.11.1976

       

      2

      Global System of Trade Preferences (G S T P)

      (Algeria, Argentina, Bangladesh, Benin, Bolivia, Brazil, Cameroon, Chile, Colombia, Cuba, Democratic People's Republic of Korea, Ecuador, Egypt, Ghana, Guinea, Guyana, India, Indonesia, Iran, Iraq, Libya, Malaysia, Mexico, Morocco, Mozambique, Myanmar, Nicaragua, Nigeria, Pakistan, Peru, Philippines, Republic of Korea, Romania, Singapore, Sri Lanka, Sudan, Thailand, Trinidad and Tobago, Tunisia, Tanzania, Venezuela, Viet Nam, Yugoslavia, Zimbabwe)

      April, 1988

      April,1989

       

      3

      India - Afghanistan

      06.03.2003

      May, 2003

      4

      India - MERCOSUR

      25.01.2004

      01.06.2009

      5

      India - Chile

      08.03. 2006

      September, 2007

      The Government is negotiating FTAs / expansion of existing FTAs with the   countries listed below.  Negotiations would continue during the current financial year and it is difficult to predict a time-line for conclusion. The priority areas for India’s FTAs are seeking market access through negotiations in Goods, Services and Investments.

      S.

      No.

      Name of the Agreement and Partner Countries

      1.

      India - EU BTIA (Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom)

      2.

      India - ASEAN CECA- Services and Investment Agreement

      (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam)

      3.

      India – Sri Lanka CEPA

      4.

      India - Thailand CECA

      5.

      India - Mauritius CECPA

      6.

      India - EFTA BTIA (Iceland, Norway, Liechtenstein and Switzerland)

      7.  

      India - New Zealand FTA/CECA

      8.

      India – Israel FTA

      9.

      India - Singapore CECA (Review)

      10.

      India – Southern African Customs Union (SACU) Preferential Trade Agreement (PTA) (South Africa, Botswana, Lesotho, Swaziland and  Namibia)

      11.

      Indian - MERCOSUR PTA (Argentina, Brazil, Paraguay and Uruguay)

      12.

      India – Chile PTA

      13.

      BIMSTEC CECA

      (Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal)

      14.

      India – Gulf Cooperation Council (GCC) Framework Agreement

      (Saudi Arabia, Oman, Kuwait, Bahrain, Qatar and Yemen.)

      15.

      India – Canada  CEPA

      16.

      India -  Indonesia Comprehensive Economic Cooperation Agreement (CECA)  

      17.

      India-Australia CECA

      Evaluation of the impact of FTAs is a continuous process which starts even before FTA negotiations are entered into.  Before entering into negotiations with its trading partners, studies are undertaken internally, as well as through the Joint Study Group (JSG) to study the feasibility of the proposed FTAs, including their impact on the domestic industries and agricultural sector. The JSG report, on the basis of which FTA negotiations are launched, is made available on the Departments of Commerce website (http://commerce.gov.in). Consultations are also held with the domestic stakeholders including the Apex Chambers of Commerce and Industry, Industry Associations as well as the Administrative Ministries and Departments.  In order to protect the interest of the domestic industries and agricultural sector, these agreements provide for maintaining sensitive/negative lists of items on which limited or no tariff concessions are granted under the FTA.  In addition, in case of a surge in imports and injury to the domestic industry, a country is allowed to take recourse to measures such as anti-dumping and safeguards.  Every FTA has a Joint Review Mechanism to monitor the implementation of the FTA.  India’s trade and economic relations with all its FTA partners have increased substantially.

      This information was given by Shri Anand Sharma ,  Union Minister for Commerce, Industry and  Textiles  in written reply to a question in  Lok    Sabha today.

      DS/GK

       

      *****

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