Background
Overview
Trade agreements are crucial for India's economic growth, export competitiveness, and strategic partnerships. UPSC examines their provisions, implications for various sectors (like technology services), and India's negotiating strategy in the global economic landscape.
International Trade Agreements are pacts between two or more countries to reduce barriers to trade and investment, fostering economic integration. They often include provisions for regulatory cooperation, aiming to harmonize standards and facilitate mutual recognition of certifications, thereby easing market access and reducing compliance burdens.