Describes trade agreements this country is a party to. Includes resources where U.S. companies can get information on how to take advantage of these agreements.
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. |
Acronym |
Grouping |
Member Countries |
FTA/PTA |
|
|---|---|---|---|---|---|
|
|
|
|
Number |
Names |
|
|
1 |
CEPA |
Comprehensive Economic Partnership Agreement (CEPA) |
2 |
India, UAE |
FTA |
|
2 |
ECTA |
Economic Cooperation and Trade Agreement (ECTA) |
2 |
India, Australia |
FTA |
|
3 |
CECPA |
Comprehensive Economic Cooperation Partnership Agreement (CECPA) |
2 |
India, Mauritius |
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 |
|
8 |
SAFTA |
South Asia Free Trade Agreement |
7 |
India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan, and the Maldives |
FTA |
|
9 |
ISLFTA |
Indo Sri Lanka Free Trade Agreement |
2 |
Sri Lanka, India |
FTA |
|
11 |
ISCECA |
India Singapore Comprehensive Economic Cooperation Agreement |
2 |
Singapore, India |
FTA |
|
12 |
JICEPA |
Japan India Comprehensive Economic Partnership Agreements |
2 |
Japan, India |
FTA
|
|
13 |
IKCEPA |
India Korea Comprehensive Economic Partnership Agreements |
2 |
South Korea, India |
FTA |