For fully multilateral agreements (not listed below), see: List of multilateral free trade agreements. A comprehensive analysis of trade between India and its major FTA partners mentioned above shows a significant increase in trade since the implementation of the agreements. SAFTA came into effect on January 1, 2006, and according to data from the Ministry of Trade and Industry, bilateral trade between India and other SAFTA member countries increased from $6.8 billion in 2005-06 to $28.5 billion in 2018-2019. India`s trade with SAFTA has grown faster than all trade with the world. As a result, the share of SAFTA countries in India`s international trade increased from 1.6% in 2005-2006 to 2.5% in 2018-2019. At the same time, India`s exports to SAFTA countries grew faster than their imports from them, resulting in a significant increase in the trade surplus with these economies from about $4 billion to $21 billion. The maximum growth in exports to the SAFTA region was recorded with Bangladesh and Nepal. Bilateral agreements with South Korea, Japan and Sri Lanka are the only ones where the percentage increase in imports is higher than that of exports, the survey added. India`s exit from RCEP prompted the country to renew its interest in bilateral talks. Free trade agreements in Australia and New Zealand are being revived.
India is looking for ways to resume negotiations with the EU and speed up negotiations with EFTA. A free trade agreement between India and the United States was also on the table, angering farmers and unions in the region because it would harm local agriculture. No one comments why for 6 years our exports have not increased a customs duty and in one year a 20% growth in fat with the EU is impossible, because we do not make our customs system competitive low tariffs promote investment from the value chain with us in the UK their r more obstacles in agricultural imports, Since these countries do not export much, in addition to the weapons it produces, it is essential to note that India has considered free trade agreements as an important tool to improve trade and investment and has signed a number of trade agreements with different countries or groups. In fact, India is one of the leading countries in Asia with the highest number of free trade agreements that are in force, negotiated or proposed. According to the Asian Development Bank Institute, India currently has 42 trade agreements (including preferential agreements) that are either in force, signed, negotiated or proposed. .