Free Trade Agreements with other countries
So far India has signed following Free Trade Agreements:
|
SSl. No. |
Name of the Agreement |
FTA partner countries |
Date of Signing / renewal of the Agreement |
|
1 |
India-Sri Lanka Free Trade Agreement (ISL- FTA) |
Sri Lanka |
Signed on 28th December. 1998 |
|
2 |
Agreement on South Asia Free Trade Agreement (SAFTA) |
Bangladesh, Bhutan, Nepal, Maldives, Pakistan, Sri Lanka |
Signed on 4th January, 2004 |
|
3 |
India-Singapore Comprehensive Economic Cooperation Agreement (CECA) |
Singapore |
Signed on 29th June, 2005 |
|
4 |
India-Nepal Treaty of Trade |
Nepal |
Renewed wef 6th March 2007 |
|
5 |
India-Bhutan Agreement on Trade Commerce and Transit |
Bhutan |
Renewed wef 29th July, 2006 |
Annual trade turnover in Crores of Rupees between India and the countries with which India has Free Trade Agreements for the last three financial years is as follows:
|
Indian Exports |
|||
|
Country |
2005-06 |
2006-07 |
2007-08 |
|
Bangladesh |
7369 |
7366 |
11743 |
|
Bhutan |
439 |
260 |
349 |
|
Nepal |
3807 |
4201 |
6063 |
|
Maldives |
299 |
311 |
361 |
|
Pakistan |
3051 |
6107 |
7827 |
|
Sri Lanka |
8964 |
10206 |
11374 |
|
Singapore |
24020 |
27462 |
29662 |
|
Indian Imports |
|||
|
Country |
2005-06 |
2006-07 |
2007-08 |
|
Bangladesh |
562 |
1034 |
1035 |
|
Bhutan |
393 |
640 |
783 |
|
Nepal |
1682 |
1385 |
2527 |
|
Maldives |
9 |
14 |
17 |
|
Pakistan |
795 |
1463 |
1159 |
|
Sri Lanka |
2558 |
2130 |
2541 |
|
Singapore |
14848 |
24840 |
32682 |
India has not signed any Free trade Agreement in the last 2 years. This information was given by Shri Jyotiraditya M Scindia, Minister of State for Commerce & Industry, in a written reply in the Rajya Sabha today.
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