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The India Mercosur Preferential Trade Agreement is an example of a PTA. [ 2 ] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members.
As of March 2018, 31 LDCs benefit from the scheme. India made US$ 9.93 billion worth of imports from LDCs in 2016. [3] India also provides preferential market access to Bangladesh, Bhutan, Maldives and Nepal under the South Asia Free Trade Arrangement, and to Laos and Bangladesh under the Asia-Pacific Trade Agreement. [3] [4]
The TREND project [6] of the Canada Research Chair in International Political Economy lists around 700 trade agreements, the vast majority of which are bilateral. [7] European Union – ACP countries, formerly via the trade aspects of the Cotonou Agreement, later via Everything But Arms (EBA) agreements; India – Afghanistan (2003) India ...
India is seeking concessions for generic drugs it exports to the United States in return for opening its dairy markets and slashing tariffs on farm goods as the two sides seek to shore up a new ...
ASEAN–India Free Trade Area ... Iran (Indonesia–Iran Preferential Trade Agreement) Japan (Indonesia–Japan Economic Partnership Agreement) Mozambique ...
The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1]
In 2016, both countries signed an agreement to expand the India- Chile Preferential Trade Agreement (PTA), marking a 10-fold jump in the number of products to be traded on concessional duty rates. India's bilateral trade with Chile stood at $2.6 billion with exports at $0.68 billion and imports at $1.96 billion respectively in FY16. [1]
The GSTP was established in 1989 as a framework for preferential tariff reductions and other measures of cooperation, including "para-tariffs, non-tariff measures, direct trade measures including medium and long-term contracts and sectoral agreements", to stimulate trade between developing countries. Today, only preferential tariffs are covered ...