The
details of countries with which India has entered into Free Trade Agreements
(FTA) 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)
|
29.07.2006Â Â
|
|
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)
|
27.10.2009Â
|
|
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, 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)
|
01.09.2004
|
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 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
|
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, 1975Â Â Â Â Â Â Â Â Â Â (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)
|
April, 1988
|
April,1989
|
|
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
|
August,
2007
|
The Government is
negotiating the following FTAs, including expansion/review of some of the
existing FTAs:
|
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 - 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 Comprehensive Economic Cooperation and Partnership
Agreement (CECPA)
|
|
6
|
India EFTA BTIA (Iceland,
Norway, Liechtenstein and Switzerland)
|
|
7
|
India - New Zealand FTA/CECA
|
|
8
|
India – Israel FTA
|
|
9
|
India - Singapore CECA (Second Review)
|
|
10
|
India – South African Custom
Union (SACU) Preferential Trade Agreement (PTA) (South Africa, Botswana,
Lesotho, Swaziland and Namibia)
|
|
11
|
India - MERCOSUR PTA (expansion)
(Argentina, Brazil, Paraguay and
Uruguay)
|
|
12
|
India – Chile PTA (expansion)
|
|
13
|
BIMSTEC CECA
(Bangladesh, India, Myanmar, Sri Lanka, Thailand,
Bhutan and Nepal)
|
|
14
|
India - Gulf Cooperation Council
(GCC)Â Framework Agreement
(Saudi Arabia, Oman, Kuwait,
Bahrain, Qatar and Yemen)
|
|
15
|
India – Canada CEPA
|
|
16
|
India -Â Indonesia Comprehensive
Economic Cooperation Agreement (CECA)Â
|
|
17
|
India – Australia FTA / CECA
|
|
18.
|
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)
|
India
has been engaged at different stages of negotiations with these countries and
blocs. The conclusion of negotiations
depends on agreements on all the issues by the partner countries.
Total
trade (import/export) with India’s FTA partner countries during each of the
last three years and the current year is given in the Annexure.
Impact
evaluation 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
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 industry and agriculture sector, these agreements provide for
maintaining sensitive/negative lists of items on which limited or no tariff
concessions are granted under the FTA.Â
In addition, in case of a surge in imports and injury to the domestic
industry, a country is allowed to take recourse to the measures such as
anti-dumping and safeguards. Every FTA
has a joint review mechanism which monitors the implementation of the FTA. India’s trade and economic relations with all
its FTA partners have increased substantially.
The
Centre for International Trade, Economics and Environment has requested the
Government to safeguard public interest while negotiating the FTAs and has
recommended that India’s strategy to negotiate and implement free trade
agreements should take into account, inter
alia, the following points:
(i)Â Â Â Â Â Â Â Â There should be
a better alignment/coherence of India’s trade policy with the objectives of
other major macroeconomic policies such as National Manufacturing Policy;
(ii)Â Â Â Â Â Â Â All relevant stakeholders such as
business association including bodies representing micro, small and medium
enterprises and civil society and community-based organisations should be given
due representation in trade policy-making process and its implementation;
(iii)Â Â Â Â Â Â Comprehensive analyses of market access
and other opportunities in prospective partner-country markets including
analyses of factors relating to enhancement of competitiveness of India’s
exports through right mix of import intensity should be undertaken before
initiating trade negotiations. Negotiations should start after a thorough
understanding of sustainability impact of free trade agreements in respect to
their economic, social and environmental sustainability;
(iv)Â Â Â Â Â Â Impact of third-party FTAs (that is
between two or more countries with which India has significant trade relations
but does not have a free trade agreement) on the Indian economy should be
analysed.
The Department of Commerce has studied the
recommendations and is undertaking widespread stakeholder consultations to
ensure that all possible viewpoints are taken into account while negotiating
free trade agreements.
Annexure
Total trade (import/export) with India’s FTA partner
countries during each of the last three years and the current year
Values in US$ Million
|
S. No.
|
Country
|
2010-2011
|
2011-2012
|
2012-2013
|
2013-2014 (Apr-Sep)
|
|
ASEAN
|
Import
|
Export
|
Import
|
Export
|
Import
|
Export
|
Import
|
Export
|
|
1.
|
Brunei
|
234.17
|
23.07
|
605.02
|
895.49
|
814.80
|
40.02
|
445.72
|
15.08
|
|
2.
|
Cambodia
|
8.01
|
66.94
|
7.27
|
99.45
|
11.90
|
112.28
|
7.13
|
52.51
|
|
3.
|
Indonesia
|
9,918.63
|
5,700.78
|
14,765.93
|
6,677.99
|
14,879.49
|
5,331.30
|
7,124.90
|
2,571.15
|
|
4.
|
Lao PDR
|
0.22
|
13.11
|
89.26
|
14.97
|
138.64
|
28.91
|
71.52
|
13.67
|
|
5.
|
Malaysia
|
6,523.58
|
3,871.17
|
9,473.64
|
3,980.36
|
9,951.06
|
4,444.07
|
4,801.24
|
2,142.00
|
|
6.
|
Myanmar
|
1,017.67
|
320.62
|
1,381.15
|
545.38
|
1,412.69
|
544.66
|
675.23
|
274.24
|
|
7.
|
Philippines
|
429.39
|
881.10
|
441.38
|
992.91
|
504.00
|
1,187.19
|
195.18
|
626.14
|
|
8.
|
Singapore
|
7,139.31
|
9,825.44
|
8,388.49
|
16,857.71
|
7,486.38
|
13,619.24
|
3,335.89
|
8,109.40
|
|
9.
|
Thailand
|
4,272.09
|
2,274.21
|
5,283.84
|
2,961.01
|
5,352.61
|
3,733.17
|
2,693.74
|
1,762.57
|
|
10.
|
Vietnam
|
1,064.90
|
2,651.44
|
1,722.87
|
3,719.09
|
2,314.78
|
3,967.37
|
1,475.45
|
2,146.12
|
|
11.
|
Afghanistan
|
146.03
|
422.41
|
132.50
|
510.90
|
159.55
|
472.63
|
72.47
|
227.14
|
|
12.
|
Bangladesh
|
446.75
|
3,242.90
|
585.73
|
3,789.20
|
639.33
|
5,144.99
|
245.66
|
2,750.22
|
|
13.
|
Bhutan
|
201.57
|
176.03
|
202.55
|
229.86
|
164.00
|
233.22
|
71.99
|
135.72
|
|
14.
|
Maldives
|
31.38
|
100.14
|
18.89
|
124.60
|
6.29
|
122.36
|
1.49
|
46.45
|
|
15.
|
Nepal
|
513.40
|
2,168.06
|
549.97
|
2,721.57
|
543.10
|
3,088.84
|
154.42
|
1,338.26
|
|
16.
|
Pakistan
|
332.51
|
2,039.53
|
397.66
|
1,541.56
|
541.87
|
2,064.79
|
177.28
|
830.70
|
|
17.
|
Sri Lanka
|
501.73
|
3,510.05
|
637.43
|
4,378.79
|
625.81
|
3,983.87
|
266.57
|
1,956.57
|
|
18.
|
Japan
|
8,632.03
|
5,091.24
|
11,999.43
|
6,328.54
|
7,907.17
|
6,100.06
|
4,973.93
|
3,322.35
|
|
19.
|
Republic of Korea
|
10,475.29
|
3,727.29
|
12,811.99
|
4,352.35
|
13,105.12
|
4,202.25
|
6,291.96
|
1,991.02
|
|
India's Total Trade
|
369,769.12
|
251,136.19
|
489,319.48
|
305,963.92
|
490,736.64
|
300,400.68
|
231,584.10
|
151,841.23
|
Source:
DOC-NIC
The information was given by the Minister of
State in the Ministry of Commerce and Industry Dr. E.M. Sudarsana
Natchiappan in Lok Sabha today.
******
DS/SJM