Commerce

ACRONYMS- REGIONAL GROUPINGS AND ITS MEMBERS

ACRONYMS GROUPINGS No. NAME OF COUNTRIES
APTA Asia Pacific Trade Agreement 5 Bangladesh, China, India, Republic of Korea, Sri Lanka
ASEAN Association of Southeast Asian

Nations

10 Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam
BIMSTEC Bay of Bengal Initiative on Multi-Sectoral Trade and Economic Cooperation 7 Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal
EFTA

 

European Free Trade Association 4 Iceland, Norway, Liechtenstein and Switzerland
EU European Union 27 Austria, Belgium, Bulgaria, Cyprus, ,Czech Republic, Denmark, Estonia, Finland, France, German, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom
GCC Gulf Cooperation Council 6 Saudi Arabia, Oman, Kuwait, Bahrain, Qatar and Yemen
GSTP

 

Global System of Trade Preferences among Developing Countries

 

44 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, Vietnam, Yugoslavia, Zimbabwe
IBSA India Brazil and South Africa 3 India, Brazil and South Africa
MERCOSUR Southern Common Market 4 Argentina, Brazil, Paraguay and Uruguay
SACU Southern African Customs Union 5 South Africa, Botswana, Lesotho, Swaziland and Namibia
SAFTA South Asia Free Trade Agreement 7 India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan and Maldives
IOR-ARC Indian Ocean Rim Association for Regional Cooperation 20 plus 7 Dialogue

Partners

Australia, India, Kenya, Mauritius, Oman, Singapore, South Africa, Malaysia, Madagascar, Mozambique, Indonesia, Sri Lanka, Tanzania, Yemen, Bangladesh, Iran, Thailand, United Arab Emirates, Seychelles and the Union of Comoros

Dialogue Partners: China, Egypt, France, Japan, United Kingdom and USA

RCEP Regional Comprehensive Economic Partnership 16 10 ASEAN Members States (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam)

+Plus                     

its 6 FTA Partner countries (Australia, China, India, Japan, South Korea and New Zealand)

 

UPSC Prelims 2025 Notes