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Which one of the following FTA was signed in February 2022 and came into force in May 2022?
Question



Which one of the following FTA was signed in February 2022 and came into force in May 2022?

A.

AI-ECTA Australia - India Economic Cooperation and Trade Agreement

B.

India-UAE Comprehensive Economic Partnership Agreement (CEPA)

C.

India-Nepal Treaty of Trade

D.

India-Singapore Comprehensive Economic Cooperation Agreement (CECA)

Correct option is B


The India-UAE Comprehensive Economic Partnership Agreement (CEPA) is a bilateral trade agreement between India and the United Arab Emirates (UAE). It aims to enhance economic cooperation and promote trade and investment between the two countries. It was signed in February 2022 and came into force in May 2022.
The India-UAE CEPA covers various aspects of economic relations, including trade in goods, services, and investment. The agreement seeks to reduce or eliminate barriers to trade and create a more favourable business environment for businesses in both countries.
Australia-India Economic Cooperation and Trade Agreement (ECTA), which entered into force on 29 December 2022.
The bilateral trade between India and Nepal is regulated by the Treaty of Trade. The current Treaty has been in force for a period of Seven years with effect from 27th September 2009.
The Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore was signed on 29th June, 2005.

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