Regional Trade Agreements of India List

India, being one of the world`s fastest-growing economies, has been proactive in establishing regional trade agreements with other countries. These agreements aim to strengthen economic ties with partner nations, increase trade, and reduce trade barriers.

Here is a comprehensive list of regional trade agreements of India:

1. South Asian Free Trade Area (SAFTA): India, along with other South Asian countries, signed the SAFTA agreement in 2004. It aims to promote trade among member nations by eliminating tariffs on goods traded within the region.

2. Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC): BIMSTEC is a regional organization that includes India, Bangladesh, Bhutan, Myanmar, Nepal, Sri Lanka, and Thailand. The agreement aims to foster economic cooperation among the member countries.

3. India-ASEAN Free Trade Agreement: This agreement was signed between India and the Association of Southeast Asian Nations in 2009 and came into effect in 2010. It aims to enhance economic cooperation between India and ASEAN member countries by reducing tariffs and other trade barriers.

4. India-Sri Lanka Free Trade Agreement: The India-Sri Lanka Free Trade Agreement (ISFTA) was signed in 1998 and came into force in 2000. The agreement covers trade in goods and services and aims to promote bilateral trade between the two countries.

5. India-Japan Comprehensive Economic Partnership Agreement (CEPA): The India-Japan CEPA was signed in 2011 and came into force in 2012. It aims to promote trade and investment between India and Japan by reducing tariffs and other trade barriers.

6. India-Korea Comprehensive Economic Partnership Agreement (CEPA): The India-Korea CEPA was signed in 2009 and came into force in 2010. It aims to promote trade and investment between India and Korea by reducing tariffs and other trade barriers.

7. India-Mercosur Preferential Trade Agreement: The India-Mercosur Preferential Trade Agreement was signed in 2004 and came into force in 2009. It aims to promote trade between India and Mercosur member countries (Argentina, Brazil, Paraguay, and Uruguay) by reducing tariffs and other trade barriers.

In Conclusion:

India has been proactive in its efforts to establish regional trade agreements with other countries to strengthen economic ties and increase trade. These agreements not only aim to reduce trade barriers but also create opportunities for economic growth and development. The above-listed regional trade agreements are just a few examples of India`s commitment to promoting trade and investment with its partners in the region and beyond.