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Here is a Status update on Ongoing India’s Trade Pacts With Countries

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During the 3rd RCEP Leaders Summit which was held on 4 November, 2019 in Bangkok, India stated that the current structure of RCEP did not reflect the RCEP Guiding Principles or address the outstanding issues and concerns of India, in the light of which India did not join RCEP. RCEP was intended to provide mutually beneficial outcomes for RCEP countries including India, however, since the current structure did not adequately address ambition and concerns of India’s stakeholder, India did not join RCEP in its current form.

This information was given by the Minister of Commerce and Industry, Shri Piyush Goyal, in a written reply in the Rajya Sabha.

The list of country or group of countries with which trade negotiations have been initiated by India are given at Annex I.

                         Annex I.

On-going Trade Negotiations

 S. No.Name of the Agreement
1India – EU (European Union) Bilateral Trade and Investment Agreements ( BTIA)
2India – Sri Lanka Economic and Technical Cooperation Agreements (ETCA)
3India – Thailand Comprehensive Economic Cooperation Agreement (CECA)
4India – Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA)
5India – EFTA (Iceland, Liechtenstein, Norway and Switzerland) Trade and Economic Partnership Agreement (TEPA)
6India – New Zealand FTA/CECA
7India – Israel Trade Agreement
8India – Singapore CECA(3rd review)
9India – SACU PTA (South Africa, Botswana, Lesotho, Swaziland and Namibia)
10India – Mercosur PTA expansion (Argentina, Brazil, Paraguay and Uruguay)
11BIMSTEC CECA(Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal)
12India – Gulf Cooperation Council (GCC) Framework Agreement
13India – Canada FTA
14India – Australia CECA
15India-Malaysia CECA (1st  Review)
16.India-ASEAN Trade in Goods Agreement (1st Review)
17India-Korea CEPA review
18India-Iran Preferential Trade Agreement (PTA)
19India-Peru Trade Agreement
20India-EAEU (Eurasian Economic Union) Technical Consultations
21India-Bangladesh CEPA
22India-Chile PTA (2nd expansion)
23India-Indonesia CECA

 

 

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