The different types of trade agreements are the Comprehensive Economic Cooperation Agreement (CECA), Comprehensive Economic Partnership Agreement (CEPA), Preferential Trade Agreement, Free Trade Agreement. The types or classification of trade agreements is based on concessions and terms agreed by the participating nations. You can read about the WTO – World Trade Organization – History, Functions, Conferences, Dispute Settlement in the given link.
The terms and conditions of trade agreements focus on investments, commerce, trade and transit. The concessions given in the trade agreements will be mutually beneficial.
Further readings:
- India and the WTO – An Overview of Latest Developments
- India – US Trade Relations: RSTV – Big Picture Analysis for UPSC IAS exam
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