Subject: Economics
Book: Comprehensive Indian Economy - Additional Topics
Bilateral or regional FTAs aim to reduce tariffs and barriers for mutual benefit. India engages with ASEAN, Japan, UAE, among others. Critics note trade deficits with certain partners, the risk of cheap imports hurting MSMEs. Nonetheless, FTAs can spur exports if accompanied by domestic structural reforms (quality standards, reduced logistics costs). For exam answers, detail major ongoing negotiations, highlight the rules of origin concerns, and discuss how e-commerce or IPR chapters factor into modern FTAs.
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