China and India, the two giants of Asia, have been talking (unconvincingly) of the possibility of a bilateral free trade agreement for several years. A feasibility study was completed in October 2008, but there is much opposition from India’s business sector as well as many other political complications that are likely to keep the idea on a very low flame for a while.
last update: May 2012
The government on Wednesday said a Free Trade Agreement (FTA) with China was not a "priority" for India due to "deep divisions" within the government and opposition from the industry.
India should be cautious while signing free trade agreements (FTAs), specially with China as it could affect the interest domestic industry, a report released by industry chamber Assocham said on Saturday.
The government has been urged to adopt a cautious stand on free trade agreement (FTAs), especially in the case of countries like China, and discourage export of raw materials. Import duties should come down gradually under such pacts and India Inc should be enabled to face global competition, says a study by industry chamber Assocham. While acknowledging that India cannot shy away from globalisation, the government has been asked to beef up infrastructure and provide a favourable exchange rate mechanism to ensure a level playing field.
Interview with the UN Conference on Trade & Development’s secretary-general, and former WTO chief, Supachai Panitchpakdi.
India’s 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.
Indicating that a free trade agreement (FTA) with China is a long way off, commerce and industry minister Kamal Nath said on Wednesday that New Delhi and Beijing would not have any discussions on such a pact during 2008.
India Inc may have got some ammunition to ward off a free trade agreement with China. A study has revealed a steep growth in major manufactured good imports from China.
India and China are expected to sign dozens of trade deals during Prime Minister Manmohan Singh’s three-day visit to China from January 13, but India is wary of Free Trade Agreement (FTA) with China.
One of the objectives of Indian Prime Minister Dr Manmohan Singh’s forthcoming visit to Beijing is to push for a free trade accord between India and China, preliminary work on which has begun.
India is considering a Free Trade Agreement with China but a decision will be based on sensitivities of domestic industry. Minister of State for Commerce and Industry Jairam Ramesh categorically stated that agriculture will not be included in FTAs.