International Relations
Mint — Economy · 12 OctConsider the following statements regarding India's Free Trade Agreements (FTAs) and preferential trade partnerships:
Statements
- India's FTA with the United Arab Emirates and the India-Australia Economic Cooperation and Trade Agreement (ECTA) both entered into force in 2022.
- The European Free Trade Association (EFTA) is the same grouping as the European Union, and India's FTA with EFTA therefore grants preferential access to the EU single market.
- India has concluded negotiations on a trade agreement with the European Union, while also pursuing a partnership with the Gulf Cooperation Council (GCC).
Which of the statements given above is/are correct?