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As of 2022, India has preferential access, economic cooperation and FTA with more than 50 individual countries. The negotiations for the Comprehensive Economic Partnership Agreement between India and the United Arab Emirates were completed in 88 days, which was the shortest time span for any free trade agreement signed by India. [1]
India's largest multinational public sector life insurance company. 116 Indian Oil Corporation: $94,273 31,942 Indian Oil provides products and services all along the energy value chain, and is India's largest commercial entity. The firm has been on the Global 500 as long as the list has been recorded. 178 State Bank of India: $71,844 232,296
GUAM Organization for Democracy and Economic Development (GUAM) FTA [11] [12] - unclear application, the WTO was notified in only 2017 - multilateral free trade regime among 4 countries (International Trade Centre says there is no free trade area in operation with distinct rules from an Agreement on Creation of CIS Free Trade Area, was signed ...
Vietnam free trade agreement [3] China trade and economic agreement; Iran free trade agreement [4] Serbia free trade agreement [5] Singapore free trade agreement [6] European Union Armenia qualifies to export its products under the EU's Generalized System of Preferences (GSP) Georgia [7] Ukraine [8]
A free trade area is the region encompassing a trade bloc whose member countries have signed a free trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and services with each other.
A free trade area is basically a preferential trade area with increased depth and scope of tariffs reduction. All free trade areas, customs unions, common markets, economic unions, customs and monetary unions and economic and monetary unions are considered advanced forms of a PTA, but these are not listed below.
A preferential trade agreement between India and Mercosur (of which Argentina is a member) came into operation in 2009. [5] Bilateral trade between India and Argentina was worth US$1.838 billion in 2012. India exported US$574 million worth of goods to Argentina. By 2016, bilateral trade between India and Argentina was worth US$2.9 billion.
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.