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COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT

COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT

• It is a kind of free trade pact which covers negotiation on the trade in services and investment, and other areas of economic partnership.
• India has signed CEPAs with South Korea and Japan.
• It may even consider negotiation on areas such as trade facilitation and customs cooperation, competition, and Intellectual Property Rights.
• Partnership agreements or cooperation agreements are more comprehensive than Free Trade Agreements.
• CEPA also looks into the regulatory aspect of trade and encompasses an agreement covering the regulatory issues.