2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Uzbekistan
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Oman
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Israel
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Hungary
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Detailed explanation-1: -India -New Zealand Free Trade Agreement / Comprehensive Economic Cooperation Agreement.
Detailed explanation-2: -Within Asia, India has signed bilateral FTAs with Sri Lanka (1998), Afghanistan (2003), Thailand (2004), Singapore (2005), Bhutan (2006), Nepal (2009), Korea (2009), Malaysia (2011) and Japan (2011).
Detailed explanation-3: -India is also negotiating a trade agreement with the GCC which includes UAE, Oman, Bahrain, Kuwait, Qatar and Saudi Arabia. Oman will also be part of the negotiations for a trade agreement that India is having with the GCC countries.
Detailed explanation-4: -A preferential trade area (also preferential trade agreement, PTA) is a trading bloc that gives preferential access to certain products from the participating countries. This is done by reducing tariffs but not by abolishing them completely. It is the first stage of economic integration.
Detailed explanation-5: -A Framework Agreement to Promote Economic Cooperation between India and Chile was signed on January 20, 2005. The Framework Agreement envisaged a Preferential Trade Agreement (PTA) between the two countries as a first step.