India`s Free Trade Agreement With Bangladesh

Note: Any customs union, every common market, any economic union, the Customs and Monetary Union and the Economic and Monetary Union are also a free trade area. EFTA[17] has bilateral agreements with the following countries – including dependent territories – and blocs: bilateral merchandise trade between India and Bangladesh fell by 7.82% in the 2019-2020 financial year to $9.45 billion, $10.25 billion in the 2018-19 fiscal year, according to information from the Ministry of Trade and Industry. As Bangladesh has LDC status, it currently enjoys duty-free access to its products that arrive in India under SAFTA. According to the sources, Dhaka is seeking duty-free access to Indian markets for its denominational clothing and the removal of non-tariff barriers, such as strict standards controls. List of agreements being negotiated. Agreements that have so far been discussed only in the absence of formal action by the parties concerned are not mentioned. „Since Bangladesh has moved from the least developed country (LDC) to a developing country, India has proposed to negotiate a free trade agreement that includes goods and services that Lahiri believes. Bangladesh may soon cease to have duty- and quota-free access to its products on the Indian market under SAFTA. On the other hand, Bangladesh already has duty-free access to more than 90% of its products exported to China.

Turkey has bilateral and multilateral agreements: Switzerland (which has a customs union with Liechtenstein, which is sometimes contained in agreements) has bilateral agreements with the following countries and blocs:[41] The 12th meeting of the Joint Working Group on Trade (JWG) was held in New Delhi at the level of additional secretaries, and the two sides held discussions on trade and trade between the two neighbours. The Eurasian Economic Union, composed of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, has concluded free trade agreements, see below. It is a list of free trade agreements between two parties in which each party could be a country (or another customs territory), a trade bloc or an informal group of countries.