Free Trade Agreements (FTAs) / Preferential Trade Agreements (PTAs)
According to Foreign Trade Policy of India 2015-20,
(a) India has always stood for a transparent, equitable, inclusive, predictable, non-discriminatory and rules based international trading system. In this context, India’s trade agreements may be seen as a measured and calibrated exposure of the Indian economy to international competition. As of October, 2014; India has signed 10 FTAs and 6 limited Preferential Trade Agreements (PTAs). India is also negotiating around 18 other FTAs.
(b) The list of the FTAs that have been signed by India are:
(i) India - Sri Lanka FTA
(ii) Agreement on South Asian Free Trade Agreement (SAFTA)
(iii) Revised Agreement of Cooperation between Government of India and Nepal to control unauthorised trade
(iv) India - Bhutan Agreement on Trade Commerce and Transit
(v) India - Thailand FTA - Early Harvest Scheme (EHS)
(vi) India - Singapore Comprehensive Economic Cooperation Agreement (CECA)
(vii) India – ASEAN CECA (Goods, Services and Investment)
(viii) India - South Korea Comprehensive Economic Partnership Agreement (CEPA)
(ix) India - Japan CEPA
(x) India - Malaysia CECA
(c) The list of Preferential Trade Agreements (PTAs) signed by India are:
(i) Asia Pacific Trade Agreement (APTA)
(ii) Global System of Trade Preferences (GSTP)
(iii) India - Afghanistan PTA
(iv) India - MERCOSUR PTA
(v) India - Chile PTA
(vi) SAARC Preferential Trading Arrangement (SAPTA)
(d) The list of these agreements with the participating countries as well as their entry into force is given in Appendix 2A.
The above information is a part of Export Import Training online
The above details are about Preferential Trade Agreements in India as per Foreign Trade Policy of India 2015-20.
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