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REGIONAL TRADE AGREEMENTS

India is actively negotiating Regional Trade Agreements (RTAs)/Free Trade Agreements (FTAs) with the following countries/regions :

Sl. Countries/Regions Name of the Agreement
1 UAE India-UAE CEPA
2 Australia India – Australia Comprehensive Economic Cooperation Agreement (CECA)
3 Canada India – Canada Comprehensive Economic Partnership Agreement
4 Israel India – Israel Free Trade Agreement (FTA)
5 United Kingdom India-UK Enhanced Trade Partnership (ETP)
6 Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia India-Eurasian Economic Union (EAEU) Free Trade Agreement (FTA)
7 European Union India – EU Broad Based Trade and Investment Agreement (BTIA)
8 South Africa, Botswana, Lesotho, Swaziland and Namibia India – SACU PTA

India has signed 11 RTAs/FTAs with various countries/regions namely, Japan, South Korea, Mauritius, countries of ASEAN region and countries of South Asian Association for Regional Cooperation. India’s merchandise exports to these countries/regions have registered a growth of 20.75% in the last five years. As regards India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA), as this has been implemented w.e.f. 01-04-2021, it is too early to calculate quantifiable benefits. The following table gives country/region wise merchandise export details:

RTA partner countries/Region wise India’s exports

Values in US$ billion

India RTA partner Countries/region Names of RTAs Export in FY 2016 Export in FY 2021
ASEAN India-ASEAN FTA

India-Singapore CECA

India-Malaysia CECA

India-Thailand FTA – Early Harvest Scheme (EHS)

25.13 31.49
Japan India-Japan CEPA 4.66 4.43
South Korea India-South Korea CEPA 3.52 4.68
SAFTA Agreement on SAFTA

India-Sri Lanka FTA

India-Nepal Treaty of Trade

India-Bhutan Agreement on Trade, Commerce and Transit

18.60 22.08
Mauritius India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) It is too early to calculate quantifiable benefits for this RTA, as it was implemented only w.e.f. 10.04.2021.
Source: Directorate General of Commercial Intelligence and Statistics (DGCI&S)

As per the FDI data maintained by the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative investment received from the above countries/regions in the last 5 years (between October 2016 and September 2021) is to the tune of US$ 89.46 Billion. However, it is not possible to ascertain if investment from a country has taken place due to signing of an RTA or any other reason(s).

Review of RTAs/FTAs with South Korea, ASEAN and Singapore is under consideration.

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.

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