An agreement was signed between the Employees State Insurance Corporation (ESIC) and the SBI, under which the SBI today signed the agreement with Pakistan on the terms of operation of the Kartarpur Sahib corridor at Zero Point, the international government e-Marketplace (GeM) signed a Memorandum of Understanding (MoU) with the Union Bank of India (UBI) on 10 October 2019 in New Delhi. By SOUTH INDE-KOREA – Prasar bharati MOU with Korean smelter Arirang TV – Trade of 9 INDE-SAUDI ARBIA agreements – Defence cooperation, Workers NIQKAT LAW INDIA-AFRICA SOUTH – Cultural support for the use of Indian languages in SA – Hindi, Tamil, Gujarati, Telugu, Ourdu INDIA-SWITHERLAND – DTAA – Double Taxation Avoidance Agreement It is imperative to note that India considers the free trade agreement as an important instrument to improve its trade and investments and has signed a series of trade agreements with different countries. India is one of the most advanced countries in Asia, with the maximum number of free trade agreements under way or under negotiation or proposed. According to the Asian Development Institute, India has currently in force, signed or negotiated 42 trade agreements (including preferential agreements). Thirteen of them are in force, one is signed but has not yet been implemented, 16 are being negotiated and 12 are proposed/in consultation or under study. Most of the free trade agreements in force in India are with Asian countries that are very different in terms of the level of their economic development. At a time when India has negotiated free trade agreements with a number of countries/groups, including the Comprehensive Economic Partnership (RCEP), and has decided to begin the review of the India-ASEAN free trade agreement, the state of trade between India and its major free trade partners needs to be examined. Major free trade agreements signed and implemented by India to date include the South Asia Free Trade Agreement (SAFTA), the India-ASEAN Comprehensive Agreement (ECSA), the India-Korea Comprehensive Economic Partnership Agreement (CEPA) and the Indian and Japanese EPA. INDIA-PERU – 4 Defence Agreement, Serden Commission, Education, Culture The Indian-Japanese EPA came into force on 01 August 2011. Bilateral trade between the two countries grew strongly during the year of its implementation, for example.
B 2011-2012 compared to the previous year 2010-11. However, not only did the bilateral trade flow decline thereafter, but it experienced great volatility between 2011-12 and 2018-19. Although exports to Japan continued to increase during the implementation year. B 2011-12, they declined thereafter. On the other hand, imports from Japan increased, but fluctuated manyly. However, as in the case of ASEAN and Korea, India`s trade deficit with Japan increased not only between 2011 and 2012-18-19, but also grew faster than India`s trade deficit with the world.