India

The Indian government is getting more active in seeking out bilateral trade agreements, mainly with other so-called developing countries.

Delhi has signed limited free trade agreements with Sri Lanka (1998) and Thailand (2003) plus a number of preferential trade agreements (tariff concession schemes) with countries/blocs such as Afghanistan, Nepal, Chile and Mercosur. At the end of June 2005, the government signed a Comprehensive Economic Cooperation Agreement with Singapore, what many consider India’s first "comprehensive" FTA. India expects to upgrade its pact with Sri Lanka into a similar type of Comprehensive Economic Partnership Agreement. In 2009, India signed an FTA with ASEAN.

Currently, bilateral FTA negotiations are going on with the GCC, Bangladesh, Canada, Colombia, Israel, New Zealand, Uruguay, Venezuela and Mauritius. Since 2007/2008, India commenced FTA talks with industrialised powerhouses Japan, EFTA and the EU. These are the deals that are generating the most controversy and resistance at home.

Further down the line, the government is in various stages of considering talks with Indonesia, Malaysia, China, Korea, Egypt, SACU (Southern African Customs Union), Russia, , Hong Kong and Australia.

India is also part of SAFTA (the South Asia FTA), BIMSTEC (aiming to develop an FTA) and IBSA (the India-Brazil-South Africa triangle aiming to develop a trilateral South-South FTA).

India’s growing business community is lobbying for an India-US FTA, but for the moment Washington and Delhi are still building their bilateral relations through a possible investment treaty as well as smaller sectoral deals.

last update: May 2012


    Articles

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    Links

  • Forum against FTAs
    The Forum is formed by trade unions, people movements and civil society organizations to campaign against the impact of free trade agreements on labour and livelihood rights of people in India.
  • FTA Watch - India
    A weekly digest on India’s Free Trade Agreements and alternatives to free trade, produced by Intercultural Resources
  • India FDI Watch
    India FDI Watch is building awareness and facilitating grassroots action to prevent the take-over of India’s retail sector by corporations.
  • India’s current engagement in RTAs
    Webpage maintained by India’s Ministry of Commerce