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India has signed Free Trade Agreement with which of the following countries?
Select the correct code.
1,2&4 only
2&3 only
1,3&4 only
All of the above
All codes are correct.
A Free Trade Agreement (FTA) is an agreement between two or more countries to reduce trade barriers in imports and exports among them.
It includes goods, services, investment, intellectual property, competition, government procurement and other areas.
This concept of free trade is the opposite of trade protectionism or economic isolationism.
The list of FTAs signed by India is as under:
India-Sri Lanka Free Trade Agreement (FTA)
Agreement on South Asian Free Trade Area (SAFTA) (India, Pakistan, Nepal, Sri Lanka, Bangladesh, Bhutan, the Maldives and Afghanistan)
India-Nepal Treaty of Trade
India-Bhutan Agreement on Trade, Commerce and Transit
India-Thailand FTA - Early Harvest Scheme (EHS)
India-Singapore Comprehensive Economic Cooperation Agreement (CECA)
India-ASEAN CECA - Trade in Goods, Services and Investment Agreement (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam)
India-South Korea Comprehensive Economic Partnership Agreement (CEPA)
India-Japan CEPA
India-Malaysia CECA
India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA)
India-UAE CEPA (*)
India-Australia Economic Cooperation and Trade Agreement (ECTA) (*)
(*) Signed, but yet to be implemented.
Hence option 4th is correct.
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