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Trade Agreements signed by India : UPSC Daily Important Topic | 20 August 2022

UPSC Daily Important Topic

Trade Agreements signed by India

∆India-UAE CEPA:

The Comprehensive Economic Partnership Agreement (CEPA) provides for an institutional mechanism to encourage and improve trade between the two countries.

∆Comprehensive Economic Cooperation and Partnership Agreement (CECPA) between India and Mauritius.

It is a kind of free trade pact that aims to provide an institutional mechanism to encourage and improve trade between the two countries.

Under this agreement, countries reduce or eliminate the duties on the products. The countries also relax in the norms to promote the services trade.

∆South Asia Preferential Trading Agreement (SAPTA):

It is for promoting trade amongst the member countries which came into effect in 1995.

∆Asia Pacific Trade Agreement (APTA):

Previously the Bangkok Agreement, it’s a preferential tariff arrangement that aimed at promoting intra-regional trade through the exchange of mutually agreed concessions by member countries.

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