Pakistan on Wednesday approved a proposal granting India the status of “most favoured nation” which would pave the way for direct import and export of goods and services. Textile, automobile and auto component trade through the land route with easier tariffs and quota restrictions are a distinct possibility.
The Indian pharmaceuticals and chemicals industry will be among the biggest beneficiaries of a free trade agreement between the GCC and India, a leading banker in the region has said.
This article tries to provide a first brief assessment of the leaked EU negotiation mandate for an investment protecting agreement in the EU free trade agreements with Canada, India and Singapore.
Switzerland is seeking to improve access to the Indian market for its chemical and pharmaceutical products, machines and watches and to extend patent protection to prevent Indian producers of cheap generic drugs benefiting from clinical tests developed by other companies
Sri Lanka is expected to delay the decision to sign a comprehensive trade agreement with India that would encourage bilateral trade, a top government official said on Tuesday.
By mid-2011, the two Asian giants were among Asia's leaders in FTA activity with 11 each in effect in both China and India. The number of FTAs under negotiation and proposed suggested that such activity will rise in the future, as China has another 13 agreements in the pipeline and India another 20.
The India-Asean Free Trade Agreement, which came into effect from January 2010, has been a mixed bag so far. While more opportunities have opened up for Indian industries, in terms of greater market access for their products in the Asean region, the duty reduction on imports from Asean countries, in turn, has hit India’s domestic market.
Ron Somers, the President of the US-India Business Council, reminded American leadership that India is implementing bilateral trade agreements with several countries, which would result in lost opportunities for US firms unless steps were taken.