India - Commercial Guide
Trade Agreements

Describes bilateral and multilateral trade agreements that this country is party to, including with the United States. Includes websites and other resources where U.S. companies can get more information on how to take advantage of these agreements.

Last published date: 2020-08-25

India actively engages in regional and bilateral trade negotiations to diversify and expand in 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 other countries.  The following table lists the major bilateral and regional agreements that India has signed and implemented, although there are several additional smaller agreements:

 

Acronym

Grouping

Member Countries

FTA/PTAs

 

 

 

Nos

Name

 

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

4

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

5

IBSA

India Brazil and South Africa

3

India, Brazil, and South Africa.

Under negotiations

6

SAFTA 

South Asia Free Trade Agreement

7

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

FTA

7

ISLFTA

Indo Sri Lanka Free Trade Agreement

2

Sri Lanka, India

FTA

8

IMCECA

Indo Malaysia Comprehensive Economic Cooperation Agreement

2

Malaysia, India

FTA

9

ISCECA

India Singapore Comprehensive Economic Cooperation Agreement

2

Singapore, India

FTA

10

JICEPA

Japan India Comprehensive Economic Partnership Agreements

2

Japan, India

FTA

 

 

11

IKCEPA

India Korea Comprehensive Economic Partnership Agreements

2

South Korea, India

FTA

Information on India’s trade agreements is available on:

Ministry of Commerce and Industry site  at their International Trade Section

India and United States

India currently has no trade agreement with the United States of America.  In April 2018, the United States launched an eligibility review of India’s compliance with the General System of Preferences (GSP) market access criterion.  In March 2019, it was decided that India no longer meets the GSP eligibility criteria and India’s GSP status was revoked.  Termination of GSP benefits removed special duty treatment for $5.6 billion of exports to the United States, particularly affecting India’s export-oriented sectors, such as pharmaceuticals, textiles, agricultural products, and automotive parts.  The United States and India continue holding discussions to address trade issues and to prepare a limited trade deal.  More information is available on: United States Trade Representative.