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.
India and Indonesia today agreed to fast track the ongoing negotiations for early conclusion of the proposed comprehensive market opening pact, aimed at enhancing bilateral economic engagement between the countries.
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.
The United Arab Emirates (UAE) has agreed to look into India's concerns over compliance to rules related to the import of silver products, platinum alloy and dry dates, the commerce department said on Tuesday. During a joint committee meeting under the India-UAE trade deal, officials from New Delhi raised concerns over the recent surge in imports of these products. These were being shipped to India, taking advantage of the lower tariffs under the pact.
Addressing a party rally at Irutty near Kannur, Karat said a convention of the Left parties and their farm outfits would be held in New Delhi on August 26 to discuss the implications of the agreement and would work out the course of campaign. Karat said the government was now finding it convenient to go full steam ahead with its 'liberal' agenda which it could not do while it survived on the outside support of the Left.
Go-getter, ambitious, dynamic, workaholic are some of the adjectives that officials who worked closely with B V R Subrahmanyam use to describe him.
According to Indian officials, both the sides have had "fruitful consultations" regarding elimination of tariffs on 90-95 per cent of goods, but the EU's insistence on including non-trade issues, such as child labour, labour laws and climate change, in the trade pact are coming in the way of concluding an agreement.
Despite being a neighbour, Pakistan has never accounted for more than 2 per cent of India's total exports, and its share in India's total imports is less than 1 per cent. On the other hand, bilateral trade between India and Bangladesh has increased five times.
Canada is not reaching out to India to the extent it could have, said Union Road Transport and Highways Minister Kamal Nath.
'We do India great disservice if we continue to perpetuate a flawed narrative on trade, one based on myths rather than facts,' says Hardeep Singh Puri.
Exports are expected to grow by 10-15 per cent in the current fiscal, FIEO director general and chief executive officer Ajay Sahai said.
For trust in democracy to be retained, elections need to be not just free of intervention -- ruling out Pakistan and Russia -- but also demonstrate the capability to both deliver ruling mandates and hold the potential for large swings in favour of the opposition, points out Mihir S Sharma.And, after an election is done, they need to see a mandate in order to go back to their lives and let their representatives get on with the business of government, points out Mihir S Sharma.
While the 27-nation bloc is pressing hard for a significant duty cut in automobile sector in the proposed Broad based Trade and Investment Agreement, Indian industry is strongly opposed to such a move.
Two-way trade between ASEAN and India in 2011-12 reached $80 billion.
India was apprehensive because EU was pushing for data exclusivity provisions that would have affected domestic pharma companies.
He urged China to bolster the flow of its tourists to the Maldives.
The EU should eliminate tariffs on 95 per cent of the goods under the Free Trade Agreement instead of the 90 per cent being targeted by the India-EU High Level Trade Group, the industry body said.
Observing that India-ASEAN ties were at an 'exciting stage', Singh said the two sides had framed a new paradigm by elevating the relationship to a strategic partnership and by concluding negotiations on free trade agreement in services and investment.
After operationalising FTA in goods last year, both the sides were engaged in widening the base of the pact by including services and investments.
The commerce ministry has endorsed India Inc's stand against signing a free trade agreement (FTA) with China until it becomes a market economy that follows transparent pricing of manufactured goods and services.
It was their first conversation since Indian-origin Sunak took charge as British prime minister on Tuesday.
India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than $40,000, and 100 per cent for cars of higher value.
Pakistan and Association of Southeast Asian Nations have agreed to begin talks for a Free Trade Agreement to boost Islamabad's efforts towards achieving full dialogue partner status with the ten-member regional economic grouping.
The India-Asean free trade agreement (FTA) in merchandise goods has failed to realise its full potential, even as the deal was implemented in January 2010 to facilitate greater trade in the region. As a result, reduction of duties on several products might get delayed.
US President Barack Obama said, "You know, I think that if you look at history one of the most important things during a worldwide recession of the sort that we're seeing now is that each country does not resort to 'beggar thy neighbour' policies, protectionist policies, they can end up further contracting world trade."
The 20-point Addu Declaration clearly indicates the role India plays in shaping SAARC's agenda. Prasanna D Zore reports.
Countries in South Asia on Tuesday agreed to work on further opening up markets for the members of the South Asian Association for Regional Cooperation, as a measure to deal with the global downturn.
Ahead of Chinese President Hu Jintao's visit, Beijing is vigorously pushing New Delhi to sign a bilateral free trade agreement and grant 'market economy' status to the Communist trading giant.
"India and Indonesia can do much more in the changing world," Sharma said at a reception hosted by the India-Indonesian Chamber of Commerce last night.
The generation of quality jobs and skill development should be the focal point, cutting across ministries and departments, asserts Nivedita Mookerji.
Consumers can expect duty-free imports of a range of products like capital goods, some textiles, electronic goods and chemicals from next year after India successfully concluded negotiations on a Free Trade Agreement for goods with the 10-member Association of Southeast Asian Nations in Singapore on Thursday.
The CEOs on both sides, headed by Thomas d'Aquino, chief executive and president of Canadian Council of Chief Executives, and Tarun Das, president of Confederation of Indian Industries, submitted a 14-page report on September 2 to the two trade ministers in Canada and India for their considerations and follow-up actions.
The FTA will provide Indian trade and industry with access to a large and vibrant market in a region that is increasingly prosperous. This market is bound to expand further as the Asean trading bloc is already in talks with countries like China, Japan, South Korea, Australia and New Zealand for free or preferential trade pacts.
Close on the heels of a Free Trade Agreement with Thailand, India is now focusing on signing more such trade deals with member countries of Association of South East Asian Nations, MERCOSUR
The implementation of the ambitious India-Asean Free Trade Agreement is likely to miss the target date of January 1, 2009. Negotiators from both the countries had closed talks this August, after six years of painstaking dialogue.
Negotiations for the proposed free trade agreement (FTA) covering goods, services and investments between India and Thailand, which were supposed to conclude by this month-end, are likely to go on till October.
