New Delhi, Mar 29 (KNN) India will conduct a joint feasibility study with Georgia to study the feasibility of the proposed Foreign Trade Agreements (FTAs). Meanwhile the Joint Feasibility Study Group Report between the Eurasian Economic Union and its Member States and India has been accepted and 1st meeting of Trade Negotiation Committee will held after mutual consent. 

In a written reply in the Parliament, Commerce & Industry Minister Nirmala Sitharaman said, “The government has received proposals from Georgia and the Eurasian Economic Union (EAEU) for negotiating FTAs.”

Further, the government is also negotiating several other trade agreements with other country/block of countries with specific Chapters on Investment.

The other trade agreements being negotiated are - India - EU Broad based Trade and Investment Agreement (BTIA); India – Sri Lanka Economic and Technical Cooperation Agreements (ETCA); India - Thailand Comprehensive Economic Cooperation  Agreement (CECA); India - Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA); India-EFTA Trade and Economic Partnership Agreement (TEPA); India - New Zealand Comprehensive Economic Cooperation  Agreement (CECA); India - Australia Comprehensive Economic Cooperation  Agreement (CECA); BIMSTEC Comprehensive Economic Cooperation  Agreement (CECA); India – Canada Free Trade Agreement (FTA); and Regional Comprehensive Economic Partnership (RCEP) Agreement.

The agreements are likely to provide opportunities for generating economic growth and employment as well as increase mutual investment flows, Sitharaman said.