Impact of FTA on Domestic Industries

Following is the list of countries with which India entered into Free Trade Agreements since January 2004 to December 2009.

Name of the Agreement	Date of Signing of the Agreement	Date of Implementation
Agreement on South Asia Free Trade Area (SAFTA)	04.01.2004	01.01.2006
Early Harvest Scheme (EHS) under the Framework Agreement between India and Thailand	01.09.2004	01.09.2004
India - Singapore Comprehensive Economic Cooperation Agreement	29.06.2005	01.08.2005
Trade in Goods under the India - ASEAN Comprehensive Economic Cooperation Agreement	13.08.2009	01.01.2010
India - Korea Comprehensive Economic Partnership Agreement	07.08. 2009	01.01.2010
India - MERCOSUR Preferential Trade Agreement	25.01.2004	01.06.2009
India - Chile Preferential Trade Agreement	08.03.2006	11.09.2007

No commodities can enter the Indian market if they are prohibited under the Foreign Trade Policy. Whether a product is prohibited from imports or requires prior permission before imports or is freely importable is decided by the Foreign Trade Policy. Free Trade Agreements can only offer duty reduction on specific products and cannot change the import policy for any product/commodity.