India - Trade Agreements

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: 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.