Services Sector

WTO SERVICES NEGOTIATIONS AND BILATERAL NEGOTIATIONS INCLUDING SERVICES TRADE

  • India has signed Comprehensive Bilateral Agreements with the Governments of Singapore, South Korea, Japan, and Malaysia.
  • A Free Trade Agreement (FTA) in services and investment was signed with the Association of South East Asian Nations (ASEAN) in September 2014.
  • India has joined the Regional Comprehensive Economic Partnership (RCEP) plurilateral negotiations and is continuously engaged in the bilateral FTA negotiations including Trade in Services with Canada, Israel, Thailand, the European Free Trade Association (EFTA), Australia, New Zealand, and the EU.
  • Negotiations with Canada and Australia has not progressed much and modalities for the negotiations are still being discussed. Negotiations with Thailand are at an advanced stage and with EFTA are more or less over.
  • India is also engaged in bilateral trade dialogues with the US under the India-US Trade Policy Forum (TPF), with Australia under the India-Australia Joint Ministerial Commission (JMC), with China under the India-China Working-Group on Services, and with Brazil under the India-Brazil Trade Monitoring Mechanism (TMM).
UPSC Prelims 2025 Notes