Which Countries Have Free Trade Agreement with India

India is rapidly becoming one of the world`s most powerful economies, and as such, it has been working over the years to establish free trade agreements with various countries around the world. These agreements have helped to boost trade relations, as well as increase investment flows between India and its trading partners.

In this article, we will explore the countries that have a free trade agreement (FTA) with India.

1. ASEAN Countries

The Association of Southeast Asian Nations (ASEAN) has an FTA with India that was signed in 2009, commonly known as the ASEAN-India FTA. This agreement covers trade in goods, services and investments and covers a market of over 1.8 billion people.

2. South Korea

India has an FTA with South Korea, which was signed in 2009. This agreement covers trade in goods, services and investments. Additionally, this FTA has helped to boost bilateral trade between the two countries.

3. Japan

India signed an FTA with Japan in 2011, which covers trade in goods, services and investments. This agreement is particularly significant for India as Japan is its third-largest trading partner.

4. Singapore

India has an FTA with Singapore, which was signed in 2005. This agreement covers trade in goods, services and investments. Singapore is a significant trading partner for India, and this FTA has helped to boost bilateral trade.

5. Thailand

India signed an FTA with Thailand in 2004, which covers trade in goods, services and investments. This agreement has been beneficial for both countries, as it has helped to increase trade.

6. Sri Lanka

India has an FTA with Sri Lanka, which was signed in 1998. This agreement covers trade in goods, services and investments. This FTA has helped to boost bilateral trade between the two countries.

7. Bhutan

India has an FTA with Bhutan, which was signed in 2008. This agreement covers trade in goods and services and has helped to boost bilateral trade between the two countries.

8. Nepal

India has an FTA with Nepal, which was signed in 2009. This agreement covers trade in goods and services and has helped to boost bilateral trade between the two countries.

9. Maldives

India has an FTA with Maldives, which was signed in 1981. This agreement covers trade in goods and services and has helped to strengthen bilateral trade relations.

In conclusion, India has established free trade agreements with several countries around the world. These agreements have helped to increase trade and investment flows between India and its trading partners. As India continues to grow into a global economic powerhouse, it is expected to forge more FTAs with other countries in the future.