MINISTER OF COMMERCE AND INDUSTRY (SHRI ANAND SHARMA)
(a) The details of countries with which India has entered into Free
Trade Agreement (FTA), including Japan, are given below:
S.No. Name of the Date of Signing Date of Implementation Agreement and the participating countries
1. India-Bhutan 17.01.1972 29.07.2006 Agreement on Trade, (revised on 28.7.2006) (Agreement is renewed, from time to Commerce and Transit time, by mutual consent to such changes and modifications as may be agreed upon between the two countries)
2. Revised Indo-Nepal 06.12.1991 27.10.2009 Treaty of Trade (Revised on 27.10.2009) (The Treaty is amended/ modified by mutual consent of the Contracting Parties)
3. India-Sri Lanka FTA 28.12.1998 March,2000
4. Agreement on South 04.01. 2004 01.01.2006 Asian Free Trade Area (Tariff concessions implemented (SAFTA) (India, from 01.07. 2006) Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan and the Maldives)
5. India-Thailand FTA- 01.09.2004 01.09.2004 Early Harvest Scheme (EHS)
6. India-Singapore 29.06.2005 01.08.2005 Comprehensive Economic Cooperation Agreement (CECA)
7. India–ASEAN Trade in 13.08.2009 1st January 2010 in respect of Goods Agreement India and Malaysia, Singapore, Thailand. (Brunei, Cambodia, Indonesia, Laos, 1st June 2010 in respect of India and Vietnam. Malaysia, Myanmar, Philippines, 1st September 2010 in respect of India and Myanmar. Singapore, Thailand and Vietnam) 1st October 2010 in respect of India and Indonesia. 1st November in respect of India and Brunei. 24 January 2011 in respect of India and Laos. 1st June 2011 in respect of India and the Philippines. 1st August, 2011 in respect of India and Cambodia.
8. India-South Korea 07.08. 2009 01.01.2010 Comprehensive Economic Partnership Agreement(CEPA)
9. India-Japan 16.02.2011 01.08.2011 Comprehensive Economic Partnership Agreement
10. India-Malaysia 18.02.2011 01.07. 2011 Comprehensive Economic Cooperation Agreement
In addition to above-mentioned FTAs, the Government has signed Preferential
Trade Agreement with the following countries:-
S.No. Name of the Agreement Date of Signing Date of Implementation and the participating countries
1 Asia Pacific Trade Agreement July, 1975 01.11.1976 (APTA) (Bangladesh, China, (revised Agreement India, Republic of Korea, signed on 02.11.2005 Sri Lanka)
2 Global System of Trade April, 1988 April,1989 Preferences (G S T P)(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, Viet Nam, Yugoslavia, Zimbabwe)
3 India-Afghanistan 06.03.2003 May, 2003
4 India-MERCOSUR 25.01.2004 01.06.2009
5 India-Chile 08.03. 2006 September, 2007
(b)&(c) The Government is negotiating FTAs / expansion of existing FTAs with the
countries listed below. Negotiations would continue during the current financial
year and it is difficult to predict a time-line for conclusion. The priority areas
for India’s FTAs are seeking market access through negotiations in Goods, Services
and Investments.
S. No. Name of the Agreement and Partner Countries
1. India - EU BTIA (Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom)
2. India - ASEAN CECA- Services and Investment Agreement (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam)
3. India – Sri Lanka CEPA
4. India - Thailand CECA
5. India - Mauritius CECPA
6. India - EFTA BTIA (Iceland, Norway, Liechtenstein and Switzerland)
7. India - New Zealand FTA/CECA
8. India – Israel FTA
9. India - Singapore CECA (Review)
10. India – Southern African Customs Union (SACU) Preferential Trade Agreement (PTA) (South Africa, Botswana, Lesotho, Swaziland and Namibia)
11. Indian - MERCOSUR PTA (Argentina, Brazil, Paraguay and Uruguay)
12. India – Chile PTA
13. BIMSTEC CECA (Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal)
14. India – Gulf Cooperation Council (GCC) Framework Agreement (Saudi Arabia, Oman, Kuwait, Bahrain, Qatar and Yemen.)
15. India – Canada CEPA
16. India - Indonesia Comprehensive Economic Cooperation Agreement (CECA)
17. India-Australia CECA
(d)&(e) Evaluation of the impact of FTAs is a continuous process which starts
even before FTA negotiations are entered into. Before entering into negotiations
with its trading partners, studies are undertaken internally, as well as through
the Joint Study Group (JSG) to study the feasibility of the proposed FTAs, including
their impact on the domestic industries and agricultural sector. The JSG report,
on the basis of which FTA negotiations are launched, is made available on the
Departments of Commerce website (http://commerce.gov.in). Consultations are also
held with the domestic stakeholders including the Apex Chambers of Commerce and
Industry, Industry Associations as well as the Administrative Ministries and Departments.
In order to protect the interest of the domestic industries and agricultural sector,
these agreements provide for maintaining sensitive/negative lists of items on which
limited or no tariff concessions are granted under the FTA. In addition, in case of
a surge in imports and injury to the domestic industry, a country is allowed to take
recourse to measures such as anti-dumping and safeguards. Every FTA has a Joint
Review Mechanism to monitor the implementation of the FTA. India’s trade and economic
relations with all its FTA partners have increased substantially.
