ISDS Case Map
India
The proposed free trade agreement (FTA) between India and Australia could result in better market access for labour-intensive Indian exp
orts including textiles, clothing and footwear where existing tariffs are high in Australia. While the sectors are perceived as “sensitive” in Australia, the country believes in elimination of tariffs on all sectors in its FTAs, Australian trade officials say.
Union Minister of State for Commerce and Power Jairam Ramesh is heading an official delegation for trade and investment talks with the Government of Myanmar in Mandalay today where he will take up the issue of expanding trade centres along the 1600-kms India-Myanmar border.
India would seek to expand border trade by opening more trading points along the 1,600-km border it shares with Myanmar during the two-day talks to be held at Mandalay in that country beginning Tuesday.
Reflecting their growing economic ties, India, Brazil and South Africa (IBSA) have set an ambitious trade target of $15 billion between the three countries by 2010.
The proposed India-Japan Comprehensive Economic Partnership Agreement (CEPA), involving trade in goods, services and investments, is unlikely to be signed this year.
India and China have completed a feasibility study on their proposed Free Trade Agreement. It now awaits the approval of the leadership of the two countries.
When leaders of India, Brazil and South Africa meet next week for their annual trilateral summit, the one issue on top of their minds
will be the unfolding financial crisis.
Prospects of Japan and India reaching a free-trade deal in time for a leaders' summit this month have weakened, with a number of areas in dispute, a Japanese negotiator said on Thursday.
Plans to conclude free trade agreements (FTAs) between the European Union and several Asian economies are unlikely to be realised in the near future, a senior Brussels official has conceded.
Business leaders from India, Brazil and South Africa are meeting here on October 13 to deliberate on trilateral trade co-operation and will also discuss issues related to tourism and student exchange programme.
