ISDS Case Map
India
The decision announced by President Asif Zardari and Prime Minister Manmohan Singh at the UN this week to start cross-border trade in October between Pakistan and India could be seen in future years as the key that unlocks South Asia's growth, as it may begin to accelerate a full normalisation of relations through trade. In the process, an improved bilateral relationship could have tangible spill-over effects on the region.
The CPI(M) today asked the government not to make any commitment on a Free Trade Agreement (FTA) at the Monday's India-European Union Summit in Marseille before discussing the issue in Parliament.
Expressing concern that all items of export interest to India, like leather, textiles and garments, may not get covered in the FTA being negotiated with the European Union, the FICCI, India's corporate lobby group, has suggested expansion of scope of the pact to cover 95% of merchandise goods instead of 90%.
India and South Korea today said they have ironed out the differences over signing a free trade agreement in goods, services and investment and have agreed to sign the pact by end of the year.
Japanese car major Honda Motor Company is looking to cash in on India's Free Trade Agreement (FTA) with the ASEAN countries to eventually make the operations here a key part of its global business.
PepsiCo chairman Indra Nooyi on Wednesday called for a bilateral investment treaty between India and the US to drive growth in trade relations.
The European parliament on Wednesday called for the EU negotiate a free trade deal with India by the end of the year, though several voiced concerns over human rights abuses, in particular against Christians.
India is holding talks with Nepal over a new Comprehensive Economic Partnership Agreement
"The aim of the talks will be to ensure the greatest possible protection for sensitive items, so that if a CEPA pact is signed, the fallout for local farmers can be minimized," a Korean ministry official said. He added that talks are entering the home stretch.
After clinching a deal for an FTA with ASEAN, India will move fast to complete negotiations in the next few months for pacts with Japan and South Korea that will open trade in goods as also services for Indian firms.
