India and China may opt for a regional trade arrangement (RTA) when the two heads of state, Dr Manmohan Singh and Wen Jiabao, meet next weekend in New Delhi.
Riding on a 79% growth in bilateral trade in 2004 at US$14 billion, China has expressed an interest in formulating a free-trade agreement (FTA) with India, saying that closer trade relations could make it easier to solve political differences. If the FTA is achieved, it would result in the biggest free-trade region in the world.
A Free Trade Agreement between India and Singapore should be ready during the next couple of weeks, India’s finance minister said Monday.
India and Malaysia are on the verge of signing a comprehensive economic co-operation agreement by year-end. It will include free trade between the two nations.
The agreement will liberalise trade in goods and services and even facilitate joint ventures, besides encompassing the existing double taxation avoidance agreement between the two countries.
China is pushing for a free trade agreement (FTA) with India which, it claims, would result in the biggest free trade region in the world.
Mercosur and European Union negotiators resumed Monday in Brussels discussions with the purpose of reaching a much delayed free trade agreement between the two blocks. Meantime in New Delhi a framework trade understanding was signed with India.
India has signed a free trade deal with the South American Mercosur bloc to boost trade. The trade agreement flows from the customs duty accord and now grants reciprocal tariff reductions on 450 items and greater market access.
Vanaspati industry has appealed to Prime Minister Manmohan Singh to make suitable amendments in the free trade agreements (FTAs) with Nepal and Sri Lanka.
India Inc’s worst fears are coming true with early reports indicating a 400:1 trade surplus favouring Thailand in the 82 items of the Early Harvest Scheme during the first three months since the Indo-Thai Free Trade Agreement (FTA) came into effect from September 1, 2004.
The postponement of the Dhaka Summit of Saarc, twice over the past two months, is a setback for the fledgling process of economic integration in South Asia. But that should not prevent India from taking unilateral initiatives for promoting industry and supply capacities in its neighbours, especially Bangladesh.
A comprehensive economic partnership agreement (CEPA) between India and Sri Lanka covering goods, services and investment is all set to become a reality.
United States said it was against entering in to a limited Free Trade Agreement with India and any bilateral FTA will have to be comprehensive.
Already reeling under soaring material costs and tight margins, the consumer durables industry has raised concerns about cheap imports from neighbouring countries.
South Korea may conclude a free trade agreement (FTA) with India as early as 2007, a ranking South Korean official said.
India and Chile have signed a Framework Agreement on Economic Cooperation to promote expansion of trade by providing limited preferential access to each other initially.
India will adopt the Indo-ASEAN FTA criterion for Rules Of Origin (ROO) for all the other trade pacts with Asian countries, including Thailand and Singapore.
Malaysia and India have agreed to undertake a joint feasibility study on the Comprehensive Economic Cooperation Agreement (CECA), which includes the possibility of having Free Trade Agreement (FTA) between the two countries.
The visiting Chilean president will sign a framework free trade agreement with India.
Korea has expressed interest in investing in infrastructure development in India and the two countries might also sign a Comprehensive Economic Partnership Agreement to boost bilateral trade.