 "Free trade agreement")
The world is full of regional trade agreements. India is no exception. Through 2012, India signed trade agreements with Sri Lanka, Bangladesh, Asean, Japan and South Korea. Across industry and government, a view emerged that free trade agreements (FTAs) had not served India well, and had even actively damaged Indian industry. This view was flawed, but it led to our withdrawal from a key agreement with much of Asia — the Regional Comprehensive Economic Partnership or RCEP — in 2019. After a long hiatus, we have returned to the FTA negotiating table. Agreements have been signed with the UAE and
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