Proliferation of FTAs and India: A Stock Taking for Future Economic Integration

Dr. Raju KD, Indian Institute of Technology - Kharagpur

Abstract

There has been proliferation of RTAs and FTAs throughout the world in the recent past. According to the WTO estimates, close to two-third of world trade is on a preferential basis and only three of its members are not party to any RTAs. It is estimated that there will be 400 FTAs within 2010. The objective of the present article is to analyse India's trade agreements with other trade blocks and its neighbours. It is argued that these agreements are not in fovour of India's economic interests and affecting the Indian industry adversely.