The details of countries with which India has
entered into Free Trade Agreement (FTA) on services and investments including
countries in the Association of South East Asian Nations (ASEAN) region during
each of the last three years are given below:-
|
S. No.
|
Name of the
Agreement
|
Date of Signing
|
Date of
implementation
|
|
1.
|
India - South Korea Comprehensive Economic
Partnership Agreement (CEPA)
|
07.08. 2009
|
01.01.2010
|
|
2.
|
India - Japan Comprehensive Economic
Partnership Agreement (CEPA)
|
16.02.2011
|
01.08.2011
|
|
3.
|
India - Malaysia Comprehensive
Economic Cooperation Agreement (CECA)
|
18.02.2011
|
01.07. 2011
|
No FTA has been signed during the current year. India - ASEAN have concluded
negotiations on India-ASEAN Agreement on Trade in Services and Agreement.
The Government is negotiating new FTAs,
including expansion / review of some of the existing FTAs, with the countries
listed below:-
|
S. No.
|
Name of the Agreement and Partner
Countries
|
|
1.
|
India - EU Bilateral Trade and Investment
Agreement (BTIA)
(Austria, Belgium,
Bulgaria, Cyprus, Czech Republic, Denmark, Estonia Finland, France, Germany,
Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta,
Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden,
United Kingdom)
|
|
2.
|
India – Sri Lanka CEPA
|
|
3.
|
India - Thailand CECA
|
|
4.
|
India - Mauritius CECPA
|
|
5.
|
India - EFTA BTIA (Iceland,
Norway, Liechtenstein and Switzerland)
|
|
6.
|
India - New Zealand FTA/CECA
|
|
7.
|
India – Israel FTA
|
|
8.
|
India - Singapore CECA (Second Review)
|
|
9.
|
India – Southern African Customs Union (SACU)
Preferential Trade Agreement (PTA) (South Africa, Botswana,
Lesotho, Swaziland and Namibia)
|
|
10.
|
Indian - MERCOSUR PTA (expansion)
(Argentina, Brazil,
Paraguay and Uruguay)
|
|
11.
|
India – Chile PTA (expansion)
|
|
12.
|
BIMSTEC CECA
(Bangladesh, India, Myanmar, Sri Lanka,
Thailand, Bhutan and Nepal)
|
|
13.
|
India – Gulf Cooperation Council (GCC)
Framework Agreement
(Saudi Arabia, Oman, Kuwait,
Bahrain, Qatar and Yemen.)
|
|
14.
|
India – Canada
CEPA
|
|
15.
|
India -
Indonesia Comprehensive Economic Cooperation Agreement (CECA)
|
|
16.
|
India-Australia CECA
|
Negotiations continue and it is
difficult to predict a time-line to
conclude the ongoing negotiations.
The details of the total trade carried on with
these countries during the said period are annexed. India and Korea have set a bilateral trade
target of US$ 40 billion by 2015. India and Malaysia have
agreed to target a bilateral trade volume of US$15 billion by 2015. India and Japan has set a bilateral trade
target of US$ 25 billion by 2014.
Evaluation of the impact of FTAs is a
continuous process which starts even before FTA negotiations are entered
into. Before entering into negotiations
with its trading partners, studies are undertaken internally, as well as
through the Joint Study Group (JSG) to study the feasibility of the proposed
FTAs, including their impact on the domestic industries and agricultural
sector. The JSG report, on the basis of which FTA negotiations are launched, is
made available on the Departments of Commerce website (http://commerce.gov.in). In order to protect the interest of the domestic industries and
agricultural sector, these agreements provide for maintaining
sensitive/negative lists of items on which limited or no tariff concessions are
granted under the FTA. In addition, in
case of a surge in imports and injury to the domestic industry, a country is
allowed to take recourse to measures such as anti-dumping and safeguards. Every FTA has a Joint Review Mechanism to
monitor the implementation of the FTA.
For example, currently Second Review of India-Singapore CECA is
underway. The CEPA with South
Korea has come into force on 01.01.2010 while CEPA with Japan and CECA with
Malaysia have come into force only on 1st July, 2011 and 01.08.2011
respectively.
Annexure
Details
of the total trade carried on with ASEAN countries, Japan and South Korea
during 2009-10 to 2012-13 (Apr-Sep)
(Value in
US$ Million)
|
Country
|
2009-10
|
2010-11
|
2011-12
|
2012-13 (Apr-Sep)
|
|
Exports
|
Imports
|
Exports
|
Imports
|
Exports
|
Imports
|
Exports
|
Imports
|
|
1.
|
Brunei
|
24.44
|
428.65
|
23.07
|
234.17
|
895.49
|
751.68
|
16.82
|
283.70
|
|
2.
|
Cambodia
|
45.54
|
5.05
|
66.94
|
8.01
|
99.45
|
7.62
|
54.10
|
5.75
|
|
3.
|
Indonesia
|
3,063.36
|
8,656.66
|
5,700.78
|
9,918.63
|
6,677.99
|
14,623.55
|
2,369.41
|
6,944.86
|
|
4.
|
Lao
PDR
|
16.93
|
20.05
|
13.11
|
0.22
|
14.97
|
89.53
|
5.72
|
78.19
|
|
5.
|
Malaysia
|
2,835.41
|
5,176.78
|
3,871.17
|
6,523.58
|
3,980.36
|
9,557.85
|
1,749.74
|
5,326.53
|
|
6.
|
Myanmar
|
207.97
|
1,289.80
|
320.62
|
1,017.67
|
545.38
|
1,324.82
|
196.77
|
729.09
|
|
7.
|
Philippines
|
748.77
|
313.07
|
881.10
|
429.39
|
992.91
|
455.63
|
571.70
|
250.19
|
|
8.
|
Singapore
|
7,592.17
|
6,454.57
|
9,825.44
|
7,139.31
|
16,857.71
|
8,600.29
|
6,652.23
|
3,545.08
|
|
9.
|
Thailand
|
1,740.16
|
2,931.52
|
2,274.21
|
4,272.09
|
2,961.01
|
5,383.60
|
1,546.43
|
2,705.07
|
|
10.
|
Vietnam
|
1,838.95
|
521.81
|
2,651.44
|
1,064.90
|
3,719.09
|
1,733.45
|
1,506.46
|
922.45
|
|
Total
|
18,113.71
|
25,797.96
|
25,627.89
|
30,607.97
|
36,744.36
|
42,528.02
|
14669.38
|
20790.91
|
|
11.
|
Japan
|
3,629.54
|
6,734.18
|
5,091.24
|
8,632.03
|
6,328.54
|
12,100.57
|
2,618.49
|
6,062.56
|
|
12.
|
South Korea
|
3,421.05
|
8,576.07
|
3,727.29
|
10,475.29
|
4,352.35
|
13,098.93
|
1,957.62
|
6,147.66
|
Source: DOC-NIC
This information was given by the Minister of
State of Commerce & Industry, Dr. D. Purandeswari
in a written reply in the Lok Sabha
today.
******
DS/RK