Free Trade Agreement (FTA) is an agreement between the countries or regional blocks to reduce or eliminate trade barriers, though mutual negotiations with a view to enhancing trade. It can however be comprehensive to include goods, services, investment, intellectual property, competition, government procurement and other areas. On goods, the key areas covered are customs duties or tariffs, rules of origins, non-tariff measures such as technical barriers to trade (TBT), sanitary phytosanitary (SPS) measures, trade remedies etc. On services, the negotiations are on barriers to various modes of supply including domestic regulations.
Trade agreements could be bilateral, plurilateral or multilateral.
India's FTAs with other nations:
Agreement on South Asian Free Trade Area (SAFTA)
India Austrailia Economic Cooperation Trade Agreement (ECTA)
India Korea Comprehensive Economic Partnership Agreement (IKCEPA)
India Singapore Comprehensive Economic Co-operation Agreement (CECA)
India Sri Lanka Foreign Trade Agreements (ISLFTA)
India UAE Comprehensive Economic Partnership Agreement (CEPA)
India-ASEAN Free Trade Agreement
Japan India Comprehensive Economic Partnership Agreement (JICEPA)