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An Status Update on Progress on India’s Global Trade Agreements With Various Countries

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.

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India is actively negotiating Regional Trade Agreements (RTAs)/Free Trade Agreements (FTAs) with the following countries/regions :

Sl.Countries/RegionsName of the Agreement
1UAEIndia-UAE CEPA
2AustraliaIndia – Australia Comprehensive Economic Cooperation Agreement (CECA)
3CanadaIndia – Canada Comprehensive Economic Partnership Agreement
4IsraelIndia – Israel Free Trade Agreement (FTA)
5United KingdomIndia-UK Enhanced Trade Partnership (ETP)
6Armenia, Belarus, Kazakhstan, Kyrgyzstan, and RussiaIndia-Eurasian Economic Union (EAEU) Free Trade Agreement (FTA)
7European UnionIndia – EU Broad Based Trade and Investment Agreement (BTIA)
8South Africa, Botswana, Lesotho, Swaziland and NamibiaIndia – SACU PTA

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.

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/regionNames of RTAsExport in FY 2016Export in FY 2021
ASEANIndia-ASEAN FTA

India-Singapore CECA

India-Malaysia CECA

India-Thailand FTA – Early Harvest Scheme (EHS)

25.1331.49
JapanIndia-Japan CEPA4.664.43
South KoreaIndia-South Korea CEPA3.524.68
SAFTAAgreement on SAFTA

India-Sri Lanka FTA

India-Nepal Treaty of Trade

India-Bhutan Agreement on Trade, Commerce and Transit

18.6022.08
MauritiusIndia-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)

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.

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