By Admin 
The long-running negotiations on a free trade agreement between India and the European Union have been completed. This deal has been described as the mother of all trade deals. The reason for this is 25% global GDP and a consumer market of 2 billion, which will come into existence with this deal. The deal signed between the two countries is being described as historic.
In such a situation, we are telling you about those selected countries between which a free trade deal has been done. These will also include the countries with which India has signed FTAs. But first let us understand, what is this FTA?
FTA means free trade deal. This is a bilateral free trade agreement, which is done on mutual consent between two countries. Through this, a free business area is created.
(In these we have selected economically strong countries…)
Australia has free trade deal agreement with which countries?
According to the Australian Government website (dfat.gov.au), Australia has free trade deal agreements with many countries. This includes Association of South Asian Nations (ASEAN), Chile, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Papua New Guinea, Peru, Singapore, South Korea, Thailand, UK, United States i.e. America.
With which countries does Canada have FTA?
According to the pfcollins website which provides information related to Canada, Canada has also made free trade deal agreements with many countries. These include Colombia, Costa Rica, Israel, Jordan, South Korea, UK, US, EFTA (European Free Trade Association), and European Union.
With which countries does China have FTA?
According to China Briefing website, which provides information related to China, China, famous in the world by the name Dragon, also has free trade agreements with many countries. These include Hong Kong, Macau, Chile, Pakistan, New Zealand, Singapore, Asian countries, Peru, Taiwan, Costa Rica, Iceland, Switzerland, Australia, South Korea, Georgia and Cambodia.
European Union’s free trade deal with these countries
According to the efta.int website which provides information related to the European Union, apart from India, the European Union has made free trade deals with many countries of the world. These include countries like Albania, Algeria, Andorra, Chile, Egypt, Georgia, India, Israel, Japan, Jordan, Lebanon, Macedonia, Mexico, Montenegro, Monaco, Morocco, South Africa, South Korea, Switzerland, Tunisia, Turkey, Vietnam.
With which countries does India have free trade deal?
According to PIB, India has also signed free trade deals with many countries before the European Union. The European Union alone includes 27 countries. Apart from these, Afghanistan, ASEAN, Australia, Bhutan, Chile, European Union, Japan, Malaysia, Mauritius, Mercosur, Nepal, New Zealand, Oman, SAARC, Singapore, South Korea, Sri Lanka, United Arab Emirates and United Kingdom are included.
With which countries does Japan have free trade deal agreement?
According to trade.gov website which provides information related to Japan, Japan has free trade deal agreements with many countries including India. These include ASEAN, Australia, Brunei, European Union, India, Indonesia, Malaysia, Mexico, Mongolia, Peru, Philippines, Singapore, Switzerland, Thailand, Vietnam, United Kingdom, United States.
With which countries does America have free trade deal agreement?
According to the ustr.gov website which provides information related to America, America also has free trade deal agreements with many countries of the world. These include countries like Australia, Bahrain, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Japan, Jordan, Marshall Islands, Micronesia, Nicaragua, Oman, Panama, Palau, Peru, South Korea, Singapore.
Free trade agreements with other countries of the Eurasian Economic Union
According to the eaeunion.org website which provides information related to Eurasian, the Eurasian Economic Union is an economic union of the countries of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. It has been named Eurasian. They have free trade deal agreements with other countries. These include countries like Moldova, Uzbekistan, Egypt, Tajikistan, Vietnam, China, Serbia, Singapore, Iran, Indonesia.
India gets benefits from these countries
According to PIB, America is among the surplus countries from which India benefits the most from trade. This simply means that India sells more goods to America and buys less from there. According to the figures of 2024-25, India’s trade relationship with America has reached 41.18 billion. America has been India’s largest trading partner for the last many years. Apart from America, India benefits the most from Netherlands, UK, and Bangladesh. The biggest loss causing country for India is China. India buys more goods from China. Reduces exports.