Preferential Trade Agreements:

2.103

Free Trade Agreements (FTAs) / Preferential Trade Agreements (PTAs)

(a) India has always stood for a transparent, equitable, inclusive, predictable, non-discriminatory and rules based international trading system. In this context, India's trade agreements may be seen as a measured and calibrated exposure of the Indian economy to international competition. As of October, 2014; India has signed 10 FTAs and 6 limited Preferential Trade Agreements (PTAs). India is also negotiating around 18 other FTAs.

(b) The list of the FTAs that have been signed by India are:

(i) India - Sri Lanka FTA

(ii) Agreement on South Asian Free Trade Agreement (SAFTA)

(iii) Revised Agreement of Cooperation between Government of India and Nepal to control unauthorised trade

(iv) India - Bhutan Agreement on Trade Commerce and Transit

(v) India - Thailand FTA - Early Harvest Scheme (EHS)

(vi) India - Singapore Comprehensive Economic Cooperation Agreement (CECA)

(vii) India - ASEAN CECA (Goods, Services and Investment)

(viii) India - South Korea Comprehensive Economic Partnership Agreement (CEPA)

(ix) India - Japan CEPA

(x) India - Malaysia CECA

(c) The list of Preferential Trade Agreements (PTAs) signed by India are:

(i) Asia Pacific Trade Agreement (APTA)

(ii) Global System of Trade Preferences (GSTP)

(iii) India - Afghanistan PTA

(iv) India - MERCOSUR PTA

(v) India - Chile PTA

(vi) SAARC Preferential Trading Arrangement (SAPTA)

(d) The list of these agreements with the participating countries as well as their entry into force is given in Appendix 2A.