India is currently negotiating a Broad Based Trade and Investment Agreement (BTIA) with the European Union (27 countries) and the EFTA countries (Iceland, Norway, Liechtenstein and Switzerland). The negotiations cover goods, services, investment, sanitary and phytosanitary measures and technical barriers to trade, trade facilitation and customs co-operation, etc.
Middle East and Africa
India is negotiating a preferential agreement with the Southern African Customs Union (SACU). Negotiations are also underway for FTAs with the Gulf Cooperation Council (GCC) and Mauritius.
As an active member of the Global System of Trade Preferences (GSTP) promoting South‑South trade, India participated in the third round of negotiations which were concluded in 2010.
The Asia Pacific Trade Agreement (APTA, 2005), operational among five countries, namely, Bangladesh, China, India, the Republic of Korea, and Sri Lanka was the result of re‑negotiations on the text of the Bangkok Agreement (1975). India is currently participating in the Fourth Round of Negotiations, which include the areas of goods, services, trade facilitation and investment.
India, as a member of a regional group consisting of Bangladesh, India, Myanmar, Sri Lanka, Thailand (BIMSTEC, 1997) is negotiating an FTA in goods, services and investment amongst the members.