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India


Auto firms drive protest against free trade pacts
After plantations and agriculture, its now the turn of the auto sector to protest against free trade agreements (FTA).
India studying FTAs for unilateral trade preference to all LDCs
India has undertaken a study of its existing free trade agreements (FTAs) like Safta and the proposed ones like Asean FTA and Southern African Customs Union FTA.
’EU, India to seek free trade pact’
The European Union and India, one of Asia’s fastest growing economies, will signal next month their intention to negotiate a free trade agreement, the EU’s Executive Commission said on Wednesday.
India to document revenue loss due to NTBs in Bimstec trade
Concerned over the possibility of non-tariff barriers (NTBs) of Bimstec nations becoming an obstacle to the projected 74% jump in India’s exports to them from 2003 figures, the government will soon collect data regarding the current and future revenue loss incurred due to the NTBs.
Japan eyes launching FTA talks with India, Vietnam next year
Japan wants to launch separate talks with India and Vietnam next year to develop bilateral free trade agreements, reflecting new Prime Minister Shinzo Abe’s push to expand such pacts through Asia, a news report said Thursday.
Coup puts Indo-Thai free trade deal in doldrums
An ambitious free trade agreement (FTA) between India and Thailand may have been stalled indefinitely by the Sep. 19 military coup. The two countries were meant to renegotiate the FTA after elections in Thailand set for mid-October, but this process is now shrouded in uncertainty.
African trade links on upsurge
A striking increase in trade and investment between China, India and Africa holds great potential for growth and job creation in the poverty-stricken sub-Sahara, a World Bank study released on Sunday said.
Trade triangle
The two-day visit of Prime Minister Manmohan Singh to Brasilia, the capital of Brazil, is being projected as a decisive step in the consolidation of relations between three important countries of the South - India, Brazil and South Africa.
Local banks against red carpet welcome for EU counterparts
An overwhelming majority of Indian banks are against the government granting “full domestic” status to banks from the European Union, as has been given to banks from Singapore, under the proposed India-EU CECA.
Smelters return home from Lanka
A majority of Indian secondary copper smelters based in Sri Lanka are winding up their operations in that country because of economic problem as well as threat perception over local environmental issues.
Africa’s silk road: China and India’s new economic frontier
Skyrocketing Asian trade and investment in Africa show the beginning of a change in world trade patterns, according to a new World Bank report. The report contains a chapter on trade and investment agreements between Asia and Africa.
Mandelson call for bilateral EU-Asian trade agreements
Peter Mandelson, the European Union trade commissioner, will today call for the EU to negotiate new bilateral trade deals with countries in Asia, a further sign that hopes of a successful global trade agreement are dimming. The targets: India, Korea and ASEAN.
India-EU trade pact firmed up
The high-level trade group between India and the European Commission, which is examining the feasibility of a comprehensive economic cooperation agreement, will meet in Brussels on Monday to give final touches to its report.
Indo-Gulf free trade plan hits a petrochem block
The proposed free trade agreement (FTA) between India and the Gulf Cooperation Council (GCC) has hit a roadblock with the Indian industry, especially the petrochemical sector, opposing the agreement.
Weak IPR makes GCC-6 seek individual FTAs with India
Weak implantation of intellectual property right (IPR) in the country and different legal systems operative in the member-nations of the Gulf Cooperation Council (GCC-6) have led them to seek individual free trade agreements (FTAs) with India.
Greater integration in need
The center of gravity of the world economy was shifting to South Asia but opportunities of this regional dynamism could only be harnessed if the region integrated.
Trade pacts: Why it’s a big deal
Does a trade agreement between India, Brazil and South Africa make economic sense? They are geographically apart, are all labour-abundant developing countries without clear gains from trade, and it’s unclear the agreement will result in trade creation and increased welfare.
IBSA business leaders debate ways to deepen relations
Indian, Brazilian, and South African business leaders have identified key issues that have to be addressed to allow the more rapid development of broader and deeper economic relations between the three countries.
IBSA experiment will benefit all the members, says Singh
Prime Minister Manmohan Singh yesterday spoke strongly in favour of the newly emerging trilateral co-operation between India, Brazil and South Africa (IBSA), saying all three countries stand to benefit from it in working for their energy security, creating synergies in trade and technology and in enhanced transport connectivity.
Time for IBSA to shine in world trade, says Mbeki
President Thabo Mbeki says IBSA’s (India-Brazil-South Africa’s) time has arrived to make a mark on world trade. He was addressing the IBSA summit in Brazil and called on developing nations to form strong partnerships and strategic alliances in the wake of the recent collapse of the Doha round of trade talks.