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The FTA, negotiations for which were announced in March 2025 and concluded in December 2025, is one of the fastest to have been negotiated by India
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Mains Practice Question
Critically examine the implications of India's increasing pace in negotiating free trade agreements on its economic and diplomatic relationships with other countries.
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Which agreement was inked between India and New Zealand?
The India-New Zealand Free Trade Agreement is the one that was inked between the two countries, marking a significant step in their economic cooperation.
When were negotiations for the FTA announced?
Negotiations for the FTA were announced in March 2025, marking the beginning of a significant economic cooperation between India and New Zealand.
How fast was this FTA negotiated compared to others?
This FTA was one of the fastest negotiated by India, demonstrating its commitment to economic cooperation with other countries.
Consider the following statements regarding India's Free Trade Agreements: 1. The FTA negotiations were concluded in January 2025. 2. One of the fastest FTAs negotiated by India is with Australia. 3. The FTA will be implemented later this year. How many of the above statements are correct?
Statement 1 is incorrect because the text states that negotiations were concluded in December 2025. Statement 2 is incorrect because the text does not mention Australia as a country with which India negotiated an FTA. Statement 3 is correct based on the text's statement that the FTA will be implemented later this year.