With Which countries India has a Free Trade Agreement?
Free Trade Agreement negotiations with ASEAN started in 2002, and came into force from January 1, 2009.
India Sri Lanka Free Trade Agreement:
India Sri Lanka Free Trade Agreement was signed by the Prime Minister of India and the President of Sri Lanka on 28 December 1999.
Thailand & Malaysia:
India has a separate Free Trade Agreement with Thailand and Malaysia other than the India-ASEAN FTA.
CEPA South Korea and CECA with Singapore:
India and South Korea had signed a comprehensive economic partnership agreement in August 2009. This was also India’s first bilateral trade agreement with an OECD country. India has also signed a CECA with Singapore.
Apart from the above, India has PTA (Preferential Trade Agreements with) Chile, Afghanistan, Bhutan, Nepal & MERCOSUR
The Agreement on South Asian Free Trade Area (SAFTA) came into force from 1st January, 2006. India, Pakistan and Sri Lanka are categorized as Non-Least Developed Contracting States (NLDCS) and Bangladesh, Bhutan, Maldives and Nepal are categorized as Least Developed Contracting States (LDCS). Afghanistan which became the eighth member of SAARC during the 14th SAARC Summit held on 3-4 April 2007 in New Delhi is due to become a party to the SAFTA Agreement as an LDC member.