ISDS Case Map
India
The European Parliament's International Trade Committee is to visit India shortly to discuss the progress of ongoing negotiations between the European Union and India on a free trade agreement
President of the SAARC Chamber of Commerce & Industry, Tariq Sayeed, has urged the governments of Pakistan and India to sign a ‘Bilateral Investment Treaty' to foster economic cooperation which will also motivate other countries of the region to promote intra-regional trade and investment.
India is closer to signing a free trade agreement (FTA) with South Korea, giving the country an opportunity to aggressively engage within Asia when the US and European economies are in turmoil.
A free trade agreement between India and the Gulf Cooperation Council (GCC) countries is likely to be signed as early as 2009, official sources said.
The comprehensive economic partnership agreement (CEPA) being negotiated between India and Japan has hit a roadblock with the latter
proposing that five of its banks be given qualified full banking (QFB) status by India. On its part, though, Japan is not keen on offering similar status to Indian banks on the ground that they don't measure up to Japanese standards.
The ongoing political crisis in Thailand is putting question marks on whether the India-Asean Free Trade Agreement (FTA) will be signed by the year-end.
Last month, captains of industry from India, Brazil and SA (Ibsa) descended on the Indian capital for the third summit of the Ibsa Trilateral Business Council.
The figures are undoubtedly impressive. A total combined gross domestic product (GDP) in purchasing power parity (PPP) terms of more than $5,28- trillion, or 8% of the total global PPP GDP of over $65,6-trillion. A total population of more than 1,39-billion people, or just under 21% of the global population of more than 6,7-billion. These numbers show the combined weight of India, Brazil and South Africa (Ibsa), the three member countries of the Ibsa Dialogue Forum.
Over the last few days we have been talking about various issues, be it business, be it IT outsourcing or the way the American campaign is looking at India an the rising power of Indian voters. But as we go into the period post the election verdict the big questions will be who takes the bold steps on the multilateral trade talks, the WTO aspect, and the Form subsidy aspect.
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) comprising Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand established in 1997 is a $810 billion economy, sharing about 22% of world population and 3.64% of surface area. After a gap of three years, India is going to host the second BIMSTEC summit during November 11-13, 2008 at New Delhi. The last summit was held in Bangkok in 2004. The summit-level meeting in BIMSTEC was delayed mainly due to political reasons and non-cooperation of some of the member countries.
