Free Trade Agreements: India and the World

Description

A Free Trade Agreement (FTA) is an agreement between two or more countries where the countries agree on certain terms and conditions that affect trade between them. There are more than 350 FTAs worldwide today. In the last two decades these agreements significantly expanded in scope, covering not only market access but also behind-the-border policy issues going far beyond WTO rules. Mega regional FTAs like Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Regional Comprehensive Economic Partnership (RCEP) are coming into play. Developed countries are also establishing their own templates for FTA-making. This book is intended to bring about a greater level of understanding among readers in a systematic manner with respect to the vast changes taking place on the FTA scene worldwide and about India's own limited participation in this regard so far. FTAs are legal instruments, but they also substantially affect business, industry, and agriculture interests. There is a widely held perception in the country, not without some validity, that India's existing FTAs, even if limited, have benefitted the partner countries more than us. India has recently signed two FTAs- with the UAE and Australia. Discussions with the UK are at an advance stage and both the countries are expected to sign the FTA soon. This book tries to capture various aspects of these agreements keeping India's position in mind.

About the author:

V. S. Seshadri joined the Indian Foreign Service in 1978. Apart from diplomatic and ambassadorial assignments abroad, he served as the Joint Secretary for WTO matters in India's Ministry of Commerce from 1999 to 2003, when he undertook trade negotiations. He also served as the Vice-Chairman of Research and Information System for Developing Countries (RIS) post-retirement and is currently working with the Delhi Policy Group as a Senior Fellow on International Trade.

Table of contents

Chapter 1   Free Trade Agreements and Their Evolution

Chapter 2   India's Free Trade Arrangements

Chapter 3   Impact Assessment of Three Indian FTAs

Chapter 4   Republic of Korea and Its FTA Network

Chapter 5   The Comprehensive and Progressive Trans Pacific Partnership (CPTPP)

Chapter 6   Regional Comprehensive Economic Partnership (RCEP)

Chapter 7   Way Forward for India