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India Finalizes Terms of Reference for Trade Pact Negotiations with Philippines, Maldives
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India Kicks Off Trade Pact Talks with Philippines, Maldives
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News18
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16-03-2026, 18:00
India Kicks Off Trade Pact Talks with Philippines, Maldives
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India inked Terms of Reference (ToR) with the Philippines and Maldives to commence negotiations for trade agreements.
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Negotiations with the Philippines aim for a Preferential Trade Agreement (PTA), while with the Maldives, it's for a Free Trade Agreement (FTA).
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The ToR outlines the scope and modalities of these proposed trade pacts.
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India's exports to the Philippines rose to USD 2.16 billion; imports from Maldives increased to USD 118.82 million in 2024-25.
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India is also reviewing existing pacts like AITIGA (ASEAN) and India-Korea CEPA, and pursuing talks with GCC, Canada, EU, New Zealand, and others.
Read Full Article on News18 in English
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