ISDS Case Map
India
Opening a long-pending multi-modal transportation corridor via Iran will be a big boost for bilateral trade between Russia and India, but it’s not just the economy at stake. This is a bold move against the threat of US sanctions.
India is in talks with 23 parties, including the European Union, the Gulf Cooperation Council, ASEAN and Israel, on various types of trade agreements, according to data from the central ministry of commerce and industry.
Despite India’s decision to withdraw from the final stages of negotiations to form the Regional Comprehensive Economic Partnership (RCEP), the remaining parties hope to get the free trade agreement (FTA) signed off by the end of the year.
At a joint press meet with Prime Minister Narendra Modi in New Delhi last month, American President Donald Trump had said India and the US had agreed to focus on a “comprehensive trade deal".
Asean nations have agreed to try and persuade India to return to the negotiating table for the 16 nation Regional Comprehensive Economic Partnership (RCEP) trade deal.
Trade Ministers of both countries are working on what they can offer each other.
In an effort to conclude the special Free Trade Agreement (FTA) during the FY 2020-21, the sixth round of India-Peru Trade talks are scheduled for April, as both countries are making efforts to expand their trade basket.
Moving out of the RCEP was in the interest of India's business, External Affairs Minister S Jaishankar said on Saturday.
Lack of harmonised standards, and certification issues that increase transaction costs plague India’s FTAs
The trade impact of the coronavirus epidemic for India is estimated to be about 348 million dollars and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a UN report.
