Phase IFoundation
Background
Overview
Understanding India's trade policy, its economic integration with the world, the impact of such agreements on various sectors (manufacturing, services, agriculture), and their role in global economic governance. It's crucial for analyzing India's economic growth, employment generation, and foreign relations.
Free Trade Agreements (FTAs) and Comprehensive Economic Partnership Agreements (CEPAs/CETAs) are pacts between two or more countries to reduce or eliminate barriers to trade and investment. They aim to foster economic integration by liberalizing trade in goods and services, promoting investment, and addressing non-tariff barriers, often extending to areas like intellectual property, digital trade, and labor standards.