Home / Economy / News / Statsguru: Six charts show India is rapidly on FTA-signing spree

Statsguru: Six charts show India is rapidly on FTA-signing spree

The Australian Parliament ratified the ECTA with India on November 22, as a stepping stone to a more ambitious CECA

indian economy, exports, imports, trade deficit

Premium

New agreements should focus on markets with high export potential for India’s goods, suggested the duo. Higher commodity and food prices helped raise India’s share of global exports in recent years

Samreen Wani Sachin P Mampatta

2 min read Last Updated : Nov 27 2022 | 6:12 PM IST

India has been moving rapidly on trade agreements after a decade of shunning new deals. India signed agreements at the rate of around one per year between 2000 and 2011, and none at all in the 10 years since. The Australian Parliament ratified the Economic Cooperation and Trade Agreement (ECTA) with India on November 22, as a stepping stone to a more ambitious Comprehensive Economic Cooperation Agreement (CECA). India signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) earlier in the year.

There are negotiations ongoing with others including the United Kingdom, European Union, Canada and

Topics : Free Trade Agreements India trade policy Commerce ministry

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in