India Progresses on Key Free Trade Agreements with UK, EU, Japan, and CPTPP
India is advancing its trade agenda with key free trade agreements (FTAs) nearing implementation or negotiation completion. The India-UK Comprehensive Economic and Trade Agreement (CETA) is set to operationalize from July 15, expected to boost both economies. The India-EU FTA negotiations concluded, aiming to double trade within five years. Meanwhile, India and Japan plan to modernize their 15-year-old CEPA to address trade imbalances. Discussions on joining the CPTPP highlight potential benefits amid concerns over trade barriers and strategic considerations.