FTAs and India’s Trade Diplomacy: Benefits, Risks & Global Impact | UPSC IAS Current Affairs
Автор: The Brain Roots IAS
Загружено: 2026-03-07
Просмотров: 49
Описание:
India is rapidly expanding its network of Free Trade Agreements (FTAs) to integrate with the global economy and strengthen supply chains. Recently, after signing an FTA with New Zealand, India now has trade agreements with almost all RCEP countries except China.
In this video, we will understand what FTAs are, their types, and the major agreements India has signed in recent years, including deals with the EU, UK, UAE, Australia, Oman, EFTA, and New Zealand.
We will also examine the benefits of FTAs such as market access, export growth, services mobility, and supply chain diversification, along with key concerns like trade deficits, non-tariff barriers, and low utilization by exporters.
This topic is highly important for UPSC Current Affairs, GS-3 Economy, International Trade, and Global Economic Relations.
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