India Country Commercial Guide
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Trade Agreements
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Plans to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) were announced in the February 2025 United States-India Joint Leaders’ Statement. Through the BTA, the U.S. and India would strengthen and deepen bilateral trade across goods and services sectors and work toward increasing market access, reducing tariff and non-tariff barriers, and deepening supply chain integration. Then in the February 2026 United States-India Joint Statement, the U.S. and India announced a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade and reaffirmed their commitment to the broader BTA negotiations. 

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. 
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. 

Table: Major bilateral and regional agreements that India has signed and implemented

No.

Acronym

Grouping

Member Countries

FTA/PTA

Number

Names

1

CETA 

Comprehensive Economic and Trade Agreement (CETA)

2

India, United Kingdom

FTA

(yet to be implemented)

2

CEPA 

Comprehensive Economic Partnership Agreement (CEPA) 

2

India, UAE 

FTA

3

ECTA

Economic Cooperation and Trade Agreement (ECTA)

2

India, Australia 

FTA

4

APTA

Asia Pacific Trade Agreement

6

Bangladesh, China, India, Lao PDR, Republic of Korea, Sri Lanka

PTA

5

India ASEAN TIG 

India ASEAN Trade in Goods Agreement

11

Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam, and India

FTA

6

GSTP 

Global System of Trade Preferences

42

Algeria, 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, Zimbabwe 

PTA

7

SAFTA 

South Asia Free Trade Agreement

7

India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan, and the Maldives 

FTA

8

ISCECA 

India Singapore Comprehensive Economic Cooperation Agreement

2

India, Singapore 

FTA

9

JICEPA 

Japan India Comprehensive Economic Partnership Agreements

2

India, Japan 

FTA

 

10

CEPA

India-Oman Comprehensive Economic Partnership Agreement

2

India, Oman

FTA

(yet to be implemented)

11

India-New Zealand

India-New Zealand Free Trade Agreement

2

India, New Zealand

FTA

(yet to be implemented)

12

TEPA

India-EFTA Trade and Economic Partnership Agreement

5

India, Iceland, Liechtenstein, Norway, and Switzerland

FTA

 

13

India–EU 

India–European Union Free Trade Agreement

28

India, member states of the European Union.

FTA

(yet to be implemented)

 

No.AcronymGroupingMember CountriesFTA/PTA
   NumberNames 
1CETAComprehensive Economic and Trade Agreement (CETA)2India, United KingdomFTA
2CEPAComprehensive Economic Partnership Agreement (CEPA)2India, UAEFTA
3ECTAEconomic Cooperation and Trade Agreement (ECTA)2India, AustraliaFTA
4APTAAsia Pacific Trade Agreement6Bangladesh, China, India, Lao PDR, Republic of Korea, Sri LankaPTA
5India ASEAN TIGIndia ASEAN Trade in Goods Agreement11Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam, and IndiaFTA
6GSTPGlobal 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
7SAFTASouth Asia Free Trade Agreement7India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan, and the MaldivesFTA
8ISCECAIndia Singapore Comprehensive Economic Cooperation Agreement2Singapore, IndiaFTA
9JICEPAJapan India Comprehensive Economic Partnership Agreements2Japan, India

FTA

 

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