India to sign trade pact in Feb
January 8, 2009
becomes 7th dialogue partner to send envoy to Asean
September 30, 2008
India expects FTA with Asean to lift trade to $50bn in 2010
August 29, 2008
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
Zero-tariff for more than 3,600 items from Asean by end 2012
A Free Trade Agreement (FTA) between the Association of Southeast Asian Nations (Asean) and India will open up its markets for goods produced by the 10 member countries of ASEAN while tariffs imposed by the New Delhi government will be reduced to zero for 3,666 items by the end of 2012.
Among the Asean-made goods which will gain from zero tariff are refrigerators, fans, airconditioner parts, jewelry and ornamental goods, rubber products and plastic resins, Thai News Agency quoted Apiradi Tantraporn, Director-General of Thailand’s Foreign Trade Department as saiyng.
The deal is expected to be signed during the Asean summit to be held in the Thai resort of Hua Hin, between February 27-March 1.
Thai exporters wishing to receive tax privileges under the Asean-India FTA must ask for certificates of origin for goods from the Foreign Trade Department because items to be exported to India must contain at least 35 percent raw materials manufactured from Asean and India, the official said.
Currently, only 82 items fall under the Thai-Indian FTA.
The Asean-India FTA, if signed during the summit, will help boost investment in India and also trade among the Southeast Asian bloc member countries because of using raw materials manufactured by Asean members on goods to be exported there, she added.
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