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India has signed Preferential Trade Agreements (PTAs) or Free Trade Agreements (FTAs) with which of the following trade blocs?
Select the correct answer using the codes below.
2 only
1 and 2 only
1 and 3 only
2 and 3 only
Statement 1: India has signed a PTA with MERCOSUR since 2004. It is presently limited to just 450 products. PTA is a limited free trade agreement where partner countries reduce import duties on a few identified products for the other.
Statement 2: This was signed in 2009. Here is a list of all major FTA/PTA entered by India.
Statement 3: This is still under negotiations due to several sticking issues such as automobile imports, patent and IP protection etc.
By: Pradeep Kumar ProfileResourcesReport error
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