Signing Of FTAs

Signing Of FTAs

The details of Free Trade Agreements (FTAs) entered into India with countries and multi-country organisations are given below: S. No. Name of the Agreement and the participating countries Date of Signing Date of Implementation 1. India - Bhutan Agreement on Trade, Commerce and Transit 17.01.1972 (revised on 28.07.2006) (Agreement is renewed, from time to time, by mutual consent to such changes and modifications as may be agreed upon between the two countries) 29.07.2006 2. Revised Indo-Nepal Treaty of Trade 06.12.1991 (Revised on 27.10.2009) (The Treaty is amended/ modified by mutual consent of the contracting parties and the present Treaty is valid till 26.10.2016) 27.10.2009 3. India - Sri Lanka FTA 28.12.1998 01.03.2000 4. Agreement on South Asian Free Trade Area (SAFTA) (India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan and Maldives and Afghanistan) 04.01. 2004 01.01.2006 (Afghanistan became Eighth Member of SAARC from April, 2007 and the provisions of Trade Liberalization Programme are applicable to Afghanistan w.e.f. 07.08.2011). 5. India - Thailand FTA - Early Harvest Scheme (EHS) 09.10.2003 01.09.2004 6. India - Singapore Comprehensive Economic Cooperation Agreement (CECA) 29.06.2005 01.08.2005 7. India - South Korea Comprehensive Economic Partnership Agreement (CEPA) 07.08. 2009 01.01.2010 8. India – ASEAN Trade in Goods Agreement (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) 13.08.2009 1st January 2010 in respect of India and Malaysia, Singapore, Thailand. 1st June 2010 in respect of India and Vietnam. 1st September 2010 in respect of India and Myanmar. 1st October 2010 in respect of India and Indonesia. 1st November, 2010 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. 9. India - Japan Comprehensive Economic Partnership Agreement 16.02.2011 01.08.2011 10. India - Malaysia Comprehensive Economic Cooperation Agreement 18.02.2011 01.07. 2011 11 India - ASEAN Services and Investment Agreement (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) 9.9.2014 1.7.2015 In addition to the above-mentioned FTAs, India has signed Preferential Trade Agreement (limited tariff lines with Margin of Preference i.e. percentage of Tariff concession) with the following countries: S. No. Name of the Agreement and the participating countries Date of Signing Date of Implementation 1 Asia Pacific Trade Agreement (APTA) (Bangladesh, China, India, Lao PDR, Republic of Korea, and Sri Lanka) July, 1975           (revised Agreement signed on 02.11.2005) 01.11.1976 2 Global System of Trade 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) 13.4.1988 19.4.1989 (for 15 signatory countries) 3 India - Afghanistan PTA 06.03.2003 May, 2003 4 India - MERCOSUR PTA 25.01.2004 01.06.2009 5 India - Chile PTA 08.03. 2006 13.01.2009 (full implementation) The Government is negotiating new FTAs, including expansion/review of some of the existing FTAs which is given below: S. No. Name of the Agreement 1 India - EU Broad Based Trade and Investment Agreement (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 – Sri Lanka CEPA 3 India - Thailand CECA 4 India - Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) 5 India EFTA BTIA (Iceland, Norway, Liechtenstein and Switzerland) 6 India - New Zealand FTA/CECA 7 India – Israel FTA 8 India - Singapore CECA (Second Review) 9 India – South African Custom Union (SACU) Preferential Trade Agreement (PTA) (South Africa, Botswana, Lesotho, Swaziland and  Namibia) 10 India - MERCOSUR PTA (expansion) (Argentina, Brazil, Paraguay and Uruguay) 11 India – Chile PTA (expansion) 12 BIMSTEC CECA (Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal) 13 India - Gulf Cooperation Council (GCC)  Framework Agreement (Saudi Arabia, Oman, Kuwait, Bahrain, Qatar and United Arab Emirates) 14 India – Canada  CEPA 15 India -  Indonesia Comprehensive Economic Cooperation Agreement (CECA)  16 India – Australia FTA / CECA 17 Regional Comprehensive Economic Partnership (RCEP) Agreement among ASEAN (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) + 6 FTA Partners (Australia, China, India, Japan, South Korea and New Zealand) (d) The free trade agreements (FTAs) complement the principles and agreements of the World Trade Organisation (WTO). India considers these agreements as building blocks towards achieving the multilateral trade liberalisation objective.