Trade Agreements — Prelims Questions

Consider the following statements about India's trade agreements: 1. The India-UAE CEPA was the first comprehensive trade agreement signed by India after economic liberalization. 2. India withdrew from RCEP negotiations primarily due to concerns about Chinese goods flooding the Indian market. 3. Under Article 253, Parliament must approve all trade agreements before they can be implemented. 4. The India-Australia ECTA covers goods trade but excludes services and investment provisions. Which of the statements given above is/are correct?

Which of the following best explains the concept of 'trade diversion' in the context of regional trade agreements?

Consider the following pairs: Trade Agreement Type - Key Feature 1. Preferential Trade Agreement - Eliminates all tariffs between member countries 2. Free Trade Agreement - Maintains separate external tariffs for each member 3. Customs Union - Establishes common external tariff 4. Common Market - Allows free movement of labor and capital Which of the pairs given above is/are correctly matched?

The 'early harvest' provision in trade agreements refers to:

Which constitutional provision primarily governs India's power to implement international trade agreements?