Lok Sabha Question No. 5660 (UNSTARRED), answered on 2022-04-06
Subject: FTAs
Ministry: COMMERCE AND INDUSTRY
Asked by: Nalin Kumar Kateel

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 5660 TO BE ANSWERED ON 06 th  APRIL, 2022

## FTAs

## 5660.   SHRI NALIN KUMAR KATEEL:

Will the Minister of COMMERCE & INDUSTRY ( वाणिज्य एवं उद्योग मंत्री ) be pleased to state:

- (a) whether India has entered into Free Trade Agreements (FTAs) with many countries and if so, the details of the number of countries with whom FTAs have been signed by India during the last five years;
- (b) whether expected progress has been achieved in terms of trade under the FTAs;
- (c) if so, the details thereof; and
- (d) if not, the reasons therefor?

## ANSWER

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THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SMT. ANUPRIYA PATEL)

- (a) to (d):   So far,  India has signed 13 Free Trade Agreements (FTAs) with its trading partners, including the 3 agreements, namely India-Mauritius  Comprehensive  Economic Cooperation and Partnership Agreement (CECPA), India-UAE Comprehensive Partnership Agreement (CEPA) and India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) signed during the last five years. The list of FTAs signed by India is as under:
- (*) Signed, but yet to be implemented.

|   SN | Name of the Agreement                                                                                                                  |
|------|----------------------------------------------------------------------------------------------------------------------------------------|
|    1 | India-Sri Lanka Free Trade Agreement (FTA)                                                                                             |
|    2 | Agreement on South Asian Free Trade Area (SAFTA) (India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan, the Maldives and Afghanistan) |
|    3 | India-Nepal Treaty of Trade                                                                                                            |

|   SN | Name of the Agreement                                                                                                                                                     |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    4 | India-Bhutan Agreement on Trade, Commerce and Transit                                                                                                                     |
|    5 | India-Thailand FTA - Early Harvest Scheme (EHS)                                                                                                                           |
|    6 | India-Singapore Comprehensive Economic Cooperation Agreement (CECA)                                                                                                       |
|    7 | India-ASEAN CECA - Trade in Goods, Services and Investment Agreement (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) |
|    8 | India-South Korea Comprehensive Economic Partnership Agreement (CEPA)                                                                                                     |
|    9 | India-Japan CEPA                                                                                                                                                          |
|   10 | India-Malaysia CECA                                                                                                                                                       |
|   11 | India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA)                                                                                      |
|   12 | India-UAE CEPA (*)                                                                                                                                                        |
|   13 | India-Australia Economic Cooperation and Trade Agreement (ECTA) (*)                                                                                                       |

In  addition,  India  has  signed  the  following  6  limited  coverage  Preferential  Trade Agreements (PTAs):

|   S.No. | Name of the Agreement                        |
|---------|----------------------------------------------|
|       1 | Asia Pacific Trade Agreement (APTA)          |
|       2 | Global System of Trade Preferences (GSTP)    |
|       3 | SAARC Preferential Trading Agreement (SAPTA) |
|       4 | India-Afghanistan PTA                        |
|       5 | India-MERCOSUR PTA                           |
|       6 | India-Chile PTA                              |

The economic impact assessment of FTAs undertaken both in terms of data analysis and stakeholder consultations from time to time, has revealed that there has been growth in both exports and imports with FTA partners.

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