Home » Commerce and Industry » 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
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

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.

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *



Check Also

Import of Paper brought under Compulsory Registration from 1st October

The import policy of major paper products has been amended from ‘Free’ to ‘Free subject ...


 National Aluminium Company Limited (NALCO), the Navratna CPSE, under the Ministry of Mines, Government of ...

India gets the highest annual FDI inflow of USD 83.57 billion in FY21-22

India has recorded highest ever annual FDI inflow of USD 83.57 billion in the Financial ...

Status Of Freight Corridors In India

Ministry of Railways has taken up construction of two Dedicated Freight Corridors (DFC) viz. Eastern   ...

Demand of Steel and Metals

The rapid urbanization is likely to increase demand of steel and metals in the country.  ...

One Station One Product

‘One Station One Product’ concept aims to encourage indigenous and specialised products and crafts of ...

Coal Royalty to Different States During the last Ten Years

The details of royalty given on coal to various States during last 10 years, year ...

Steps to Increase Domestic Production of Ammonium Nitrate

Presently, Coal India Limited (CIL) has Regular Running Contracts with 12 domestic private explosive manufacturers ...


Ministry of Heavy Industries’ Production Linked Incentive (PLI) scheme for Automobile & Auto Components incentivises ...

CGD network shall potentially cover 98% of population and 88% of geographical area of the country

The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written ...

WP2Social Auto Publish Powered By : XYZScripts.com