India's Trade Overview

TRADE AGREEMENTS – THE INDIAN PERSPECTIVE

TRADE AGREEMENTS INVOLVING INDIA

India has been consistently engaging at the regional and unilateral level across all the regions to increase economic cohesion. These agreements are complimentary to WTO based negotiations. These agreements aim at trade creation and trade diversification besides strengthening the political ties.

A compilation of trade agreements India has already signed or engaged in negotiation is listed below-

RegionPartner Country/ BlocType of agreementCurrent Status
Asia
ThailandCECA2004 in force, Under Negotiation
ASEANFTA2010 in force, Further Negotiation
BIMSTECCECAUnder Negotiation
SingaporeCECA2005 in force, Under Negotiation
IndonesiaCECA1968 in force, Under renegotiation
SAARCPTA, SATIS2006 in force; 2013 in force
MalaysiaCECA2011 in force
JapanFTA2011 in force
AfghanistanPTA2003 in force
South KoreaCECA2010 in force
Sri LankaFTA; CEPA2000 in force, Under Negotiation
IranPTAUnder Negotiation
ChinaFTAProposed
TaiwanFTAProposed
GeorgiaPTAProposed
Nepal■ India – Nepal Trade Treaty
■ Agreement of Cooperation with Nepal to control Unauthorised Trade
■ Treaty of transit between India and Nepal
1999 in force;
2002 in force;
2009 in force
BhutanTrade Agreement2006 in force
Europe
EuropeFTAUnder negotiation
TurkeyFTAProposed
Oceania
AustraliaFTAUnder Negotiation
New ZealandFTAUnder Negotiation
Middle East
GCCFramework AgreementUnder Negotiation
IsraelFTAUnder Negotiation
Africa
SACUPTAUnder Negotiation
COMESAPTAUnder Negotiation
South America
ChilePTA2007 in force, Expansion under negotiation
MERCOSURPTA2009 in force, Expansion under negotiation
EcuadorPTAProposed , Under consultation
ColombiaPTAProposed , Under consultation
PeruFTAUnder Negotiation
UruguayPTAProposed
VenezuelaPTAProposed
North America
CanadaFTAUnder Negotiation
Miscellaneous
GSTPPTA2014 in force, Under Negotiation
APTAPTA2014 in force
RCEPComprehensive agreementEarly harvest package released in 2019

Source:

https://aric.adb.org/fta-country, http://www.indiantradeportal.in/vs.jsp?lang=1&id=0,1,63,70,

https://commerce.gov.in/

Subscribe To Newsletter

Stay ahead in the dynamic world of trade and commerce with India Business & Trade's weekly newsletter.