ISDS Case Map
India
In the two years since it came into force, RCEP has benefited China much more than other member nations.
The discussions on the majority of policy areas in the free trade agreement (FTA) with the UK have either been closed or are in an advanced stage of negotiation.
India and Oman are set to begin new rounds of talks for a Comprehensive Economic Partnership Agreement (CEPA), a proposed free trade agreement, starting on January 16.
India has no plans to resume negotiations for a free trade agreement with Canada anytime soon since both sides are yet to find a political solution over the issue of Khalistani activities.
These negotiations would focus on complex issues in the areas of goods, services, and investment. Issues that are pending include duty cuts on electric vehicles, whiskey, and the movement of professionals.
The talks on the text of most of the chapters have been concluded by both sides for the pact, a senior official said.
The report by economic think tank GTRI said the trade agreement in the current format will not help Indian exports and will result in higher imports and wider trade deficit.
India is expected to sign a much-awaited deal on two more pillars of the US-led Indo-Pacific Economic Framework—clean economy and fair economy—early next year.
India is currently negotiating ambitious free trade agreements with the UK, EU, and Oman, and expanding economic cooperation with Australia. These agreements aim for a higher level of ambition, focusing on tariff reductions for selected items while excluding more sensitive areas.
The negotiations on India-Oman free trade agreement that were racing towards concussion may drag a bit longer as Indian petrochemical producers have opposed any deep duty cuts on polypropylene and polyethylene that might be offered in the pact.
