Home News News and Press Release Month 4 2012 2012 (4) This
Press Information Bureau Government of India Ministry of Commerce & Industry
30-April-2012 17:10 IST
FTA with JAPAN
The details of countries with which India has entered into Free Trade Agreement (FTA), including Japan, 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 28.7.2006)
29.07.2006 (Agreement is renewed, from time to time, by mutual consent to such changes and modifications as may be agreed upon between the two countries)
2.
Revised Indo-Nepal Treaty of Trade
06.12.1991
(Revised on 27.10.2009)
27.10.2009 (The Treaty is amended/ modified by mutual consent of the Contracting Parties)
3.
India - Sri Lanka FTA
28.12.1998
March, 2000
4.
Agreement on South Asian Free Trade Area (SAFTA) (India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan and the Maldives)
04.01. 2004
01.01.2006 (Tariff concessions implemented from 01.07. 2006)
5.
India - Thailand FTA - Early Harvest Scheme (EHS)
01.09.2004
6.
India - Singapore Comprehensive Economic Cooperation Agreement (CECA)
29.06.2005
01.08.2005
7.
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.
8.
India - South Korea Comprehensive Economic Partnership Agreement (CEPA)
07.08. 2009
01.01.2010
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 above-mentioned FTAs, the Government has signed Preferential Trade Agreement with the following countries:-
1
Asia Pacific Trade Agreement (APTA) (Bangladesh, China, India, Republic of Korea, Sri Lanka)
July, 1975 (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
06.03.2003
May, 2003
4
India - MERCOSUR
25.01.2004
01.06.2009
5
India - Chile
08.03. 2006
September, 2007
The Government is negotiating FTAs / expansion of existing FTAs with the countries listed below. Negotiations would continue during the current financial year and it is difficult to predict a time-line for conclusion. The priority areas for India’s FTAs are seeking market access through negotiations in Goods, Services and Investments.
Name of the Agreement and Partner Countries
India - EU 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)
India - ASEAN CECA- Services and Investment Agreement
(Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam)
India – Sri Lanka CEPA
India - Thailand CECA
India - Mauritius CECPA
India - EFTA BTIA (Iceland, Norway, Liechtenstein and Switzerland)
India - New Zealand FTA/CECA
India – Israel FTA
India - Singapore CECA (Review)
India – Southern African Customs Union (SACU) Preferential Trade Agreement (PTA) (South Africa, Botswana, Lesotho, Swaziland and Namibia)
11.
Indian - MERCOSUR PTA (Argentina, Brazil, Paraguay and Uruguay)
12.
India – Chile PTA
13.
BIMSTEC CECA
(Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal)
14.
India – Gulf Cooperation Council (GCC) Framework Agreement
(Saudi Arabia, Oman, Kuwait, Bahrain, Qatar and Yemen.)
15.
India – Canada CEPA
16.
India - Indonesia Comprehensive Economic Cooperation Agreement (CECA)
17.
India-Australia CECA
Evaluation of the impact 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 industries and agricultural sector. The JSG report, on the basis of which FTA negotiations are launched, is made available on the Departments of Commerce website (http://commerce.gov.in). Consultations are also held with 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 industries and agricultural sector, these agreements provide for maintaining sensitive/negative lists of items on which limited or no tariff concessions are granted under the FTA. In addition, in case of a surge in imports and injury to the domestic industry, a country is allowed to take recourse to measures such as anti-dumping and safeguards. Every FTA has a Joint Review Mechanism to monitor the implementation of the FTA. India’s trade and economic relations with all its FTA partners have increased substantially.
This information was given by Shri Anand Sharma , Union Minister for Commerce, Industry and Textiles in written reply to a question in Lok Sabha today.
DS/GK
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