FTA In India

All these issues require a lot of unanimity among the negotiating countries and these talks are complex exercises

Two specific targets for this elevated engagement were semiconductors and defence production

Indian traders should follow seven steps, including knowing trade policy and rules of origin of respective products in Australia in order to take full advantage of the recently implemented free trade agreement, according to a study by GTRI. The India-Australia free trade agreement came into effect on December 29, 2022. The Global Trade Research Initiative (GTRI) said India-Australia Economic Cooperation and Trade Agreement (ECTA) offers many concessions to exporters and importers of both countries, but the concessions are product-specific, and firms must check if their products benefit from the pact. We have suggested a seven-step process to ensure that the firms do not miss critical details while exporting or importing under ECTA, it said. Utilisation rate of India's free trade agreements (FTAs) is low and one of the factors is low awareness about the process and its benefits, it said adding these steps can help Indian companies make full use of the trade agreement. The steps inc

Take a look at the status of the ongoing FTA negotiations by India

Citing the case of the FTA negotiations with the United Kingdom, Goyal said the country had a 9 per cent duty on different items and if that goes away, it will benefit the sector, he said

India's balance of trade has worsened with countries with which it has signed free trade agreements

Comments come a day after UK home secretary cast doubts over the proposed FTA with India over the issue of migration, and branded Indians as the largest group who overstay their visas

India is currently negotiating trade deals with developed nations such as the United Kingdom (UK), Canada and the European Union (EU).

Currently, the value of exports and imports of services is released by the Reserve Bank of India (RBI) and it comes with a lag of over two months

A UK parliamentary panel warned the government against accepting a poor deal to rush things through simply to meet a deadline set for the completion of a free trade agreement (FTA) with India.

PM Modi and UK PM Boris Johnson on Friday pushed for closing the negotiations for a free trade agreement by the end of the year, and agreed on a expanded bilateral defence and security partnership.

The basic building bloc of the proposed RCEP - the Asean FTA - continues to be one-sided

India and Chile have also expanded the existing PTA to include new products