On Monday 12 September the General Affairs Council approved negotiating mandates for investment
protection chapters in free trade agreements with Canada, India and Singapore.
India will keep signing free trade pacts with regional blocs and countries to boost merchandise exports, top officials said, as the World Trade Organization's Doha round of talks remains deadlocked and economies in traditional western markets struggle to recover.
The free trade agreement between India and Israel, which has been on the cards for quite some time now, would change the composition of business between the two countries, bringing new sectors like information technology, agriculture and biotechnology into focus, and diversifying away from diamonds
Pakistan is ready to double the number of goods it imports from India, but has stopped short of offering full-fledged most-favoured nation, or MFN, status it had promised earlier this year as part of bilateral confidence-building measures.
Heavy Industry Minister Praful Patel has said the Commerce Ministry is "broadly supportive" of the view that the domestic automobile industry should be protected when India signs a free trade agreement with the European Union.
Prime Minister Manmohan Singh and chief ministers of eastern and northeastern states will push for a thaw in relations with Bangladesh by talking trade next week. And trade with Bangladesh invariably means textiles.
After shunning Latin America two years ago, the government is now seeking closer economic ties with the region as part of its initiative to diversify markets for Indian merchandise.