India Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in india, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
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Trade Agreements
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There is no trade agreement between the United States and India. In April 2018, the United States launched an eligibility review of India’s compliance with the General System of Preferences (GSP) market access criteria. In March 2019, the United States determined that India no longer met the criteria and revoked India’s GSP status. Termination of GSP benefits removed special duty treatment for $5.6 billion of Indian exports to the United States, affecting India’s export-oriented sectors such as pharmaceuticals, textiles, agricultural products, and automotive parts. The United States and India continue to hold discussions on a range of trade issues.

India actively engages in regional and bilateral trade negotiations to diversify and expand its export markets while ensuring access to the raw materials, intermediates, and capital goods needed to stimulate domestic manufacturing. Presently, India shares preferential market access and economic cooperation through trade agreements with over 50 countries.

The following table lists the major bilateral and regional agreements that India has signed and implemented.

No.AcronymGroupingMember CountriesFTA/PTA
   NumberNames 
1CEPAComprehensive Economic Partnership Agreement (CEPA)2India, UAEFTA
2ECTAEconomic Cooperation and Trade Agreement (ECTA)2India, AustraliaFTA
3APTAAsia Pacific Trade Agreement6Bangladesh, China, India, Lao PDR, Republic of Korea, Sri LankaPTA
4India ASEAN TIGIndia ASEAN Trade in Goods Agreement11Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam, and IndiaFTA
5GSTPGlobal System of Trade Preferences42Algeria, Argentina, Bangladesh, Benin, Bolivia, Brazil, Burma Cameroon, Chile, Colombia, Cuba, Republic of Korea, Ecuador, Egypt, Ghana, Guinea, Guyana, India, Indonesia, Iran, Iraq, Libya, Malaysia, Mexico, Morocco, Mozambique, Nicaragua, Nigeria, Pakistan, Peru, Philippines, Republic of Korea, Singapore, Sri Lanka, Sudan, Thailand, Trinidad and Tobago, Tunisia, Tanzania, Venezuela, Vietnam, ZimbabwePTA
6SAFTASouth Asia Free Trade Agreement7India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan, and the MaldivesFTA
7ISCECAIndia Singapore Comprehensive Economic Cooperation Agreement2Singapore, IndiaFTA
8JICEPAJapan India Comprehensive Economic Partnership Agreements2Japan, India

FTA

 

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