Source- The post is based on the article “Prabhash Ranjan on India’s new stance on trade agreements: It takes India back to the pre-reforms era” published in “The Indian Express” on 10th April 2023. Syllabus: GS 3 – Economy Relevance– Issues related to international trade and investment issues News– The article deals with India new… Continue reading On India’s new stance on trade agreements: It takes India back to the pre-reforms era
Tag: free trade agreements
[Answered] The free trade agreements that were signed in the last 25 years have had a “tough experience” for India. Do you agree? Give reasons in support of your answer.
Introduction: Explain FTAs in India’s context. Body: Write positive experiences of India w.r.t FTAs. Write challenges faced by India due to FTAs. Conclusion: Explaining the need to relook India’s FTAs provide a way forward. In the 1990s India opened its economy to the world. Since then, India has viewed FTAs as an important tool to… Continue reading [Answered] The free trade agreements that were signed in the last 25 years have had a “tough experience” for India. Do you agree? Give reasons in support of your answer.
Businesses should give useful inputs for FTA negotiations
What is the news? Recently, the Commerce Ministry said that the negotiations for India-UK Free Trade Agreement (FTA) will commence from November this year. The governments in both the countries are eager to conclude an interim agreement quickly, but the businesses are yet to warm up to the idea. What are the findings of the study published by… Continue reading Businesses should give useful inputs for FTA negotiations
India’s revamped FTA strategy
Synopsis: Early Harvest Schemes (EHS) as an FTA strategy is misaligned with India’s immediate requirement of an employment-promoting trade policy. Contents1 Introduction2 How India has progressed in signing FTAs?3 Why signing EHS is not the right strategy?4 What are the reasons for India’s poor success in converting EHS in to full-fledged FTAs?5 What is the… Continue reading India’s revamped FTA strategy
India’s ‘early harvest’ trade deals could run into trouble
Synopsis: India should be mindful of legal requirements of arriving at an “early harvest” trade deal before signing a full FTA. Introduction India wishes to fast-track its free trade agreement (FTA) negotiations with several countries like the UK, Australia, the European Union, and Canada. It is keen to conclude an “early harvest” trade deal with… Continue reading India’s ‘early harvest’ trade deals could run into trouble
India, UK aim to launch FTA negotiations by November 1
Contents1 What is the News?2 About India-UK FTA3 What are the key expectations linked with India-UK FTA?4 Non-tariff and technical barriers What is the News? India and the UK are planning to begin the negotiations on a Free Trade Agreement(FTA) by November 2021. About India-UK FTA India and the UK are planning to sign an… Continue reading India, UK aim to launch FTA negotiations by November 1
Govt-industry talks on proposed FTAs with EU-Australia at premature stage
Synopsis: FTAs are important for boosting exports and India should try to take a step in the right direction by signing mini trade deals. Introduction According to sources from Industries, discussions with the government regarding proposed trade deals with the United Arab Emirates (UAE) and the United Kingdom (UK) have already kicked off. India hopes… Continue reading Govt-industry talks on proposed FTAs with EU-Australia at premature stage
India pivot from Look east to trade West
Source: LiveMint Relevance: To understand India’s Free Trade Agreements (FTA) Synopsis: India has signed numerous FTA’s, but they have not yielded expected results. As India embarks on a new spree to sign new trade deals, India needs to do its homework very well. Contents1 Introduction2 Why did India face setbacks in the East?3 Why India is… Continue reading India pivot from Look east to trade West
Lower costs, ink FTAs to push exports: CEO panel
Source: TOI What is the news? The Steering Committee for Advancing Local Value-Add and Exports (SCALE committee), comprising top Indian CEOs, has argued that India’s proposed free trade agreements (FTAs) could help push exports of auto components and textiles. Must Read: Free Trade Agreements (FTAs): Challenges & opportunities – Explained, pointwise Key suggestions The panel… Continue reading Lower costs, ink FTAs to push exports: CEO panel
India must negotiate well on free trade pacts: Experts
Source: Business Standard Relevance: Negotiating Free Trade Agreement (FTA’s) Synopsis: India is on the verge of signing FTA’s with some important nations. Let’s have a brief look at the subject. Context: Recently, commerce and industry minister Piyush Goyal had said that India is at a ‘positive momentum’ with respect to inking trade deals with the… Continue reading India must negotiate well on free trade pacts: Experts
