This commentary sheds light on the growing significance of Free Trade Agreements (FTAs) as the preferred trade policy instrument in India. Free Trade Agreements (FTAs) have become vital trade policy instruments for India, addressing the issue of untapped export potential and harmonizing trade policies with potential trading and strategically important countries. India has recently inked FTAs with Australia and UAE, in 2022. By strategically leveraging FTAs, India aims to diversify its export destinations, reduce trade barriers, and maximize economic welfare while treading cautiously to ensure fair competition, address trade imbalances, and mitigate the complexity of overlapping agreements.
Rahman et al. (Sat,) studied this question.
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