ISDS Case Map
India
India should be cautious while signing free trade agreements (FTAs), specially with China as it could affect the interest domestic industry, a report released by industry chamber Assocham said on Saturday.
India is hoping to conclude a free trade agreement with the Association of Southeast Asian Nations within three months, the country's minister of commerce and industry said Friday.
The government today asked the country's business houses to shift focus to the SAARC region and exploit the opportunities there, especially when the US and the European economies are slowing down.
If to some people, the words ‘cricket' and ‘conflict' come to mind when thinking of India and Pakistan, we need to update the language to embrace another two ‘Cs' -connections and commerce.
The government move on lowering customs duty on edible oils for pushing down its prices has started yielding positive results. On the heels of getting a huge relief from reduced import duty on crude palm oil (CPO) from 45% to 20%, which serves as raw material of vanaspati, vegetable fat producers have slashed their product prices by Rs 4-5/kg.
New Zealand has proposed to have a free trade agreement (FTA) with India. It also wants that India import wine, dairy and timber products to boost the bilateral trade between the two countries to more than 616 million NZ dollars.
India is working on signing a Preferential Trade agreement (PTA) with South Africa Customs Union (SACU), a regional sub-group of African nations comprising South Africa, Botswana, Lesotho, Namibia and Swaziland.
Foreign Trade Minister Kürsad Tüzmen has called on Indian businessmen to urge the Indian government to sign a free trade agreement between the two countries.
The government has been urged to adopt a cautious stand on free trade agreement (FTAs), especially in the case of countries like China, and discourage export of raw materials. Import duties should come down gradually under such pacts and India Inc should be enabled to face global competition, says a study by industry chamber Assocham. While acknowledging that India cannot shy away from globalisation, the government has been asked to beef up infrastructure and provide a favourable exchange rate mechanism to ensure a level playing field.
As trade negotiations between India and Malaysia on a Comprehensive Economic Co-operation Agreement (CECA) progress, Indian Institute of Foreign Trade (IIFT) has identified several products which have high export potential to Malaysia. The list includes auto components and parts, iron and steel and related products, textiles, electrical and mechanical machinery and their spares.
