2.88 — Free Trade Agreements (FTAs) / Preferential Trade Agreements (PTAs)

India has always stood for a transparent, equitable, inclusive, predictable, nondiscriminatory and rules based international trading system. In this context, India’s trade agreements may be seen as a measured and calibrated exposure of the Indian economy to international competition. As of March, 2023; India has signed 13 FTAs and 6 limited Preferential Trade Agreements (PTAs). India is presently engaged in FTA negotiations with some of its trading partners, notable among these FTAs are: India – UK Free Trade Agreement, India-EU Free Trade Agreement and India-Canada Comprehensive Economic Partnership Agreement (CEPA)/Early Progress Trade Agreement (EPTA).

• (a) The list of the FTAs that have been signed by India are:

  • (i) India - Sri Lanka FTA

  • (ii) Agreement on South Asian Free Trade Agreement (SAFTA)

  • (iii) Revised Agreement of Cooperation between Government of India and Nepal to control unauthorised trade

  • (iv) India - Bhutan Agreement on Trade Commerce and Transit

  • (v) India - Thailand FTA - Early Harvest Scheme (EHS)

  • (vi) India - Singapore Comprehensive Economic Cooperation Agreement (CECA)

  • (vii) India – ASEAN CECA (Goods, Services and Investment)

  • (viii) India - South Korea Comprehensive Economic Partnership Agreement (CEPA)

  • (ix) India - Japan CEPA

  • (x) India - Malaysia CECA

  • (xi) India –Mauritius CECPA

  • (xii) India –UAE CEPA

  • (xiii) India - Australia ECTA

mic Partnership Agreement (CEPA)

• (ix) India - Japan CEPA

• (x) India - Malaysia CECA

• (xi) India –Mauritius CECPA

• (xii) India –UAE CEPA

• (xiii) India - Australia ECTA

• (xiv) India-European Free Trade Association Trade and Economic Partnership Agreement (India-EFTA TEPA)

• (b) The list of Preferential Trade Agreements (PTAs) signed by India are:

  • (i) Asia Pacific Trade Agreement (APTA)

  • (ii) Global System of Trade Preferences (GSTP)

  • (iii) India - Afghanistan PTA

  • (iv) India - MERCOSUR PTA

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• (v) India - Chile PTA

• (vi) SAARC Preferential Trading Arrangement (SAPTA)

• (c) The list of these agreements with the participating countries as well as their entry into force is given in Appendix 2A.

• (d) Fees chargeable for issuance of preferential Certificate of Origin is as detailed in Appendix – 2K. The same would also be applicable as verification fee for Rules of Origin Certificate issued under any Free Trade Agreements, in case of verification as detailed in Appendix – 2K. However, the provision of Tatkal certificate of origin as being provided by some of the agencies would be discontinued. The Certificate of origin will be delivered within 24 hours/1(one) working day of the application made.