Free Trade Agreements: India and the World

A Free Trade Agreement (FTA) is a legal agreement between two or more countries that affects trade. Over 350 FTAs exist worldwide, covering market access and policy issues beyond WTO rules. Mega regional FTAs like CPTPP and RCEP are emerging. Developed countries are also creating their own FTA templates. This book aims to increase understanding of FTAs, including India's limited participation, and their impact on business, industry, and agriculture. India has recently signed FTAs with the UAE and Australia and is in advanced discussions with the UK.

Format: Hardback
Length: 416 pages
Publication date: 25 April 2023
Publisher: Oxford University Press

A Free Trade Agreement (FTA) is a comprehensive agreement between two or more countries that outlines the terms and conditions governing trade between them. With over 350 FTAs in existence worldwide, these agreements have undergone significant expansion in recent years, encompassing not only market access but also addressing policy issues that extend beyond the rules set by the World Trade Organization (WTO). Mega regional FTAs such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP) are gaining prominence. Additionally, developed countries are creating their own templates for FTA negotiations.

This book aims to provide a comprehensive and systematic understanding of the evolving FTA landscape globally, as well as India's limited participation in this realm thus far. FTAs are legal instruments that have a profound impact on various sectors, including business, industry, and agriculture. There is a perception in India that, even though its existing FTAs may be limited, they have benefited partner countries more than India. Recently, India has signed FTAs with the United Arab Emirates (UAE) and Australia, and negotiations with the United Kingdom are in advanced stages, with a potential FTA agreement expected to be signed soon.

This book seeks to explore various aspects of these agreements, keeping India's position in mind. It will examine the economic implications, trade barriers, and opportunities that these agreements bring to India, as well as the challenges and risks associated with their implementation. The book will also provide an overview of India's trade policy and its efforts to integrate into the global trading system. By examining these agreements in detail, this book aims to enhance readers' understanding of the FTA landscape and its potential implications for India's economic development.

Dimension: 216 x 140 (mm)
ISBN-13: 9780198875918