India - Country Commercial Guide
Trade Agreements

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.

Last published date: 2021-10-23

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 value-added 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: 

S.No.

Acronym

Grouping

Member Countries

FTA/PTA

 

 

 

Number

Names

 

1

APTA 

Asia Pacific Trade Agreement

6

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

PTA

2

India ASEAN TIG 

India ASEAN Trade in Goods Agreement

11

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

FTA

3

GSTP 

Global System of Trade Preferences

42

Algeria, Argentina, Bangladesh, Benin, Bolivia, Brazil, Cameroon, Chile, Colombia, Cuba, Republic of Korea, Ecuador, Egypt, Ghana, Guinea, Guyana, India, Indonesia, Iran, Iraq, Libya, Malaysia, Mexico, Morocco, Mozambique, Myanmar, Nicaragua, Nigeria, Pakistan, Peru, Philippines, Republic of Korea, Singapore, Sri Lanka, Sudan, Thailand, Trinidad and Tobago, Tunisia, Tanzania, Venezuela, Vietnam, Zimbabwe. 

PTA

4

IBSA 

India Brazil and South Africa

3

India, Brazil, and South Africa.

Under negotiation

5

SAFTA   

South Asia Free Trade Agreement

7

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

FTA

6

ISLFTA 

Indo Sri Lanka Free Trade Agreement

2

Sri Lanka, India 

FTA

7

IMCECA  

Indo Malaysia Comprehensive Economic Cooperation Agreement

2

Malaysia, India 

FTA

8

ISCECA  

India Singapore Comprehensive Economic Cooperation Agreement

2

Singapore, India 

FTA

9

JICEPA  

Japan India Comprehensive Economic Partnership Agreements

2

Japan, India 

FTA

 

10

IKCEPA  

India Korea Comprehensive Economic Partnership Agreements

2

South Korea, India 

FTA

India and United States 

There is no trade agreement between India and the United States.  In April 2018, the United States launched an eligibility review of India’s compliance with the General System of Preferences (GSP) market access criteria, and in March 2019 decided 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 continues to hold discussions on trade issues.