Wednesday, December 1, 2010

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.

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