We need to improve our market access to gain from free trade pacts
India’s approach to FTAs must consider how she can either use these agreements to enter GVCs, or if already part of existing GVCs, upgrade her technology via the FTA
India’s withdrawal from the 16-country Regional Comprehensive Economic Partnership (RCEP) negotiations last year has put the future of India’s Free Trade Agreements (FTAs) into the limelight. India’s FTA record has been patchy. While it signed many FTAs in 2003-2011, there has been a lull since then. At present, India has FTAs with as many as 13 countries, notably the Comprehensive FTAs with Japan, South Korea, and ASEAN.