It is a list of free trade agreements between two parties in which each party could be a country (or another customs territory), a trade bloc or an informal group of countries. Japan and India signed a bilateral free trade agreement that would eliminate tariffs on more than 90% of trade for a decade. An interactive list of bilateral and multilateral free trade instruments can be find on the TREND Analytics website. [59] German Chancellor Angela Merkel and Indian Prime Minister Manmohan Singh announced after a meeting in Berlin that they would increase bilateral trade by more than 50% over the next two years. (11.12.2010) List of agreements under negotiation. Agreements that have so far been discussed only in the absence of formal action by the parties concerned are not mentioned. The People`s Republic of China has bilateral trade agreements with the blocs, countries and their two specific administrative regions:[13] The economic communities that have been waiting for the agreement since the start of negotiations in January 2007 welcome this signing. Tadashi Okamura, president of Japan`s Chamber of Commerce and Industry, said the agreement would “develop complementary relationships.” Full multilateral agreements (not listed below) see: List of multilateral free trade agreements. List of agreements between two states, two blocs or one bloc and one state. The Indian mining industry, fishing and some agricultural products have to lift their tariffs. India will maintain tariffs on vehicles assembled to protect its automotive industry, but will gradually remove barriers to trade in auto parts. The deal “would open up new business opportunities,” said Vikram Kirloskar, vice president of Toyota Kirloskar Motor Pvt Ltd.

– a joint venture between Japan`s Toyota Motor Corp. and India`s Kirloskar Group to manufacture and sell Toyota cars in India. Afghanistan has bilateral agreements with the following countries and blocs:[1] India is the twelfth country to have signed a free trade agreement with Japan, and the largest to date after the economy. Despite the size of their economies, Japan and India had limited trade, which amounted to about $15 billion in 2010, or just one percent of Japan`s world trade. Note: Any customs union, every common market, any economic union, the Customs and Monetary Union and the Economic and Monetary Union are also a free trade area. Turkey has bilateral and multilateral agreements: for India, the pact would “provide a comprehensive framework to promote our economic cooperation for both trade and investment,” Sharma said. He added: “It will be worth it for India and for Japan.” Switzerland (which has a customs union with Liechtenstein, which is sometimes included in agreements) has bilateral agreements with the following countries and blocs:[41] One sector that is not often mentioned in relation to China`s economic growth is tourism. Taiwan and China recently signed their largest free trade agreement to date, and today we are talking about a “free trade agreement.” (28.10.2010) Japanese Foreign Minister Seiji Maehara and Indian Trade and Industry Minister Anand Sharma signed the pact Wednesday at a ceremony in Tokyo.

The pact “would foster a strategic partnership between the two countries so that they can build win-win relationships and generate growth,” Maehara said. Delhi has free trade agreements with the Association of Southeast Asian Nations (ASEAN), Sri Lanka and other bilateral agreements with Malaysia and Thailand. It has a broader economic agreement with South Korea. India also expects to sign an agreement with the European Union before the end of the year.