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) |
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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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DJN/MS/PK