Chinese manufacturers are re-routing their products through the markets of other countries that India has Free Trade Agreements with.
Sources said China was forcefully pushing for inking the deal during the RCEP summit later in the day, which was seen as an attempt to counter-balance the impact of its lingering trade war with the US as well as to project the region's economic might to the West.
The agenda prepared by ministers will be discussed by Prime Minister Narendra Modi and other RCEP leaders in Nonthaburi, a city north of Bangkok, on November 4, the official deadline to close talks.
Two Indian women figure among scores of foreign nationals with Swiss bank accounts, whose names have been made public by Switzerland in its official gazette for being probed in their respective countries.
India will be able to bag extra orders worth $three billion for garment exports from the European Union, if the country enters into a Free Trade Agreement with the EU, apparel exports body said on Monday.
India and the Association of Southeast Asian Nations signed an FTA in goods in August last year and are engaged in intense negotiations to expand this pact to include services and investments.
Surjewala said the party's 10-day agitation was formalised at a meeting in which Rahul Gandhi participated in, but neither he nor Sonia Gandhi would be participating in the state and district level programmes.
The Indo-Asean FTA provides an opportunity for India to be more engaged with the region, says Sanjaya Baru.
India can become one of the world's automotive export hubs of the 21st century.
"Negotiations on the FTA will be commencing shortly. We believe that we will be able to conclude the EFTA trade agreement within one year," Commerce and Industry Minister Kamal Nath told reporters in New Delhi after meeting Swiss Federal Counsellor Doris Leuthard. EFTA states include Iceland, Liechtenstein, Norway and Switzerland. It is an inter-governmental organisation to promote free trade and economic integration between the four nations.
Chinese alumina refining and metal smelting technologies have emerged as a match for the best anywhere in the world. In fact, Vedanta and Hindalco have bought technologies from China. Our aluminium makers will be haunted by twin fears of rising imports and low metal prices squeezing margins over a long time.
Congress spokesperson Manish Tewari said Saturday's incident along the LoC was an outcome of Prime Minister Narendra Modi's "flip-flops and somersaults" on Pakistan.
"Foreign tourist arrivals have increased considerably in the recent years from about 3.46 million in 2004 to 5.08 million in 2007. During January and July 2008, the FTA was around 3.14 million as compared to 2.38 million during the corresponding period of previous year," Prabhakar Dubey, director in the ministry, said at a conference in Shillong. Along with FTAs, the number of domestic tourists have also risen from 366 million in 2004 to 526 million last year.
Why there is a sudden spurt in FTAs is something which needs to be critically looked at.
Beijing wants assurance that its investments won't come under scrutiny
Bilateral trade between India and Thailand was expected to touch $10 billion in the next three years from the current $3.4 billion, Vice-Chairman of the Board of Trade of Thailand Somkiat Anuras said on Monday.
Freer movement of Indian professionals in 25 European Union member countries is likely to be a reality in the near future, as this will be a key point of negotiations in the proposed Free Trade Agreement with EU.
For many years now, India has given the Commonwealth short shrift so its support for the Commonwealth trade initiative signals a renewed interest in the body.
Indian companies feel it will be difficult to take on the competition from Bangladesh, Cambodia and others, with their made-in-India products. Ethiopia offers ready-to-use sheds, income tax breaks, training subsidies, and a tax-free gateway into the US, Europe and China. Moreover, labour is available for $60 per month compared to $130-$150 in India.
Mr Modi has indicated he will carry on, and intensify, India's 'Look East' policy. But this start is hardly inspiring.
Taiwan said on Friday it is looking at the possibility of a Free Trade Agreement with India as part of initiatives to increase bilateral trade to $10 billion in the next few years from $2.4 billion in 2004.
'India has an advantage because we produce more cotton and we have more workforce.'
Bangladesh said on Tuesday that India should fulfill certain conditions like duty free access for 118 items and removal of non-tariff restrictions, before it can start talks on a bilateral Free Trade Agreement.
Chinese Premier Wen Jiabao will propose to establish the world's biggest Free Trade Area between China and India during his talks with Prime Minister Manmohan Singh next week.
'This is a new government. We will look at all options and before we rush into new arrangements, we will have to have a broad domestic consensus,' the prime minister said.
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
In another round of economic booster, Sitharaman announced steps to help homebuyers and push exports.
Government tenders could soon go to bidders who promise to train highest number of youth.
The road will help in transportation of goods and further development of SMEs in North East India
'Fear psychosis has gripped the entire world.' 'Nobody is going to enter shops freely in the next 5, 6 months.' 'Secondly, the priority has changed.' 'Now that they have seen the bottom of the economy, people will prefer to save for tomorrow.'
With China and Bangladesh losing their edge, textile exports from Tirupur are rising once again, turning the city into a job magnet.
Giving a fresh impetus to its ties with ASEAN, India today said it would soon draft a five-year action plan starting 2016 for enhancing connectivity and cooperation in diverse areas and hoped the long-delayed free trade pact on services and investment will be signed later this month.
With 15% customs duty hike on locally assembled vehicles, it is cheaper to import from Thailand, says India MD
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