With which of the following countries India does not have a functional Free Trade Agreement or Comprehensive Economic Partnership?

The correct answer is Canada.

Key Points

• An FTA is an agreement between various countries or regional blocs that aims to reduce or eliminate trade barriers through mutual negotiation with a view to increase trade.
• This includes goods, services, investment, intellectual property, competition, government procurement and other areas.

Additional Information

• CEPA (The Comprehensive Economic Partnership Agreement) is a free trade agreement between India and South Korea. The agreement was signed on August 7, 2009.
• CEPA (The Comprehensive Economic Partnership Agreement) is a free trade agreement between India and Japan. The agreement was signed on August 2011.
• The India-Chile PTA was signed on 8th March, 2006 and has become operational on September, 2007.