becomes 7th dialogue partner to send envoy to Asean
September 30, 2008
India expects FTA with Asean to lift trade to $50bn in 2010
Asean broadens trade ties
in Asia Pacific
FTA with India to be signed in December
EU deal remains a challenge
August 8, 2008
Asean-India FTA talks
May 4, 2008
India says close to
clinching FTA with Asean
May 24, 2008
Investment protection pact signed
April 25, 2008
India, Malaysia to sign MoU
on labour protection
April 7, 2008
India, Myanmar inks tax
April 4, 2008
transport deal with Myanmar
March 24, 2008
Indonesia key to wrapping up the deal
March 23, 2008
into Southeast Asia via Unza
Asean, India to sign trade pact in Feb
India is likely to sign a free trade agreement (FTA) with ASEAN during the 14th summit of the group slated to take place in February in Thailand, reported Vietnam’s state news agency VNA..
India will submit a letter to the Commerce Ministry on Jan. 19 agreeing to sign the long-awaited FTA with Asean during next month's summit, NAM news network reported.
Speaking following a meeting with the Thailand-based Indian trade ambassador, Thai Commerce Minister Porntiva Nakasai was quoted as saying that the letter would confirm that India will not attempt to change any of the provisions of the FTA, for which negotiations concluded last year.
Under the FTA, Asean and India will be committed to liberalising trade in goods. Thailand now enjoys zero tariffs on just 82 items exported to India.
Taxes on about 75 percent of the trade in agricultural and industrial products will be gradually phased out by 2012, while tariffs for another 10 percent will be eliminated in 2015.
The remaining 15 percent consist of sensitive items that must be renegotiated.
With lower tariff barriers, trade between India and Asean is expected to increase significantly from the present $28 billion annually.
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below