One FTA step at a time: India needs to curb its new-found enthusiasm for free trade agreements

India needs to be clear why it wishes to have an FTA with a particular country. The list of countries we have preferential agreements with currently is baffling. China, with whom India has a trade deficit of over $55 billion, has access at preferential rates to more than 2,000 product lines as part of the Asia Pacific Trade Agreement (APTA).
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