ISDS Case Map
India
Indicating that a free trade agreement (FTA) with China is a long way off, commerce and industry minister Kamal Nath said on Wednesday that New Delhi and Beijing would not have any discussions on such a pact during 2008.
Sri Lanka has stopped exporting pepper under the Indo-Lanka Free Trade Agreement (FTA) because of restrictions imposed by India, a top exporter has said.
The proposed India-EU free trade agreement may open doors for easy import of olive oil from Europe. Major olive oil exporting countries like Spain, Italy, and Greece are insisting upon India to reduce its duty, remove non-tariff barriers and other local taxes and levies and marketing restrictions like maximum retail price system that guarantee a 35% margin to the retailer.
India Inc may have got some ammunition to ward off a free trade agreement with China. A study has revealed a steep growth in major manufactured good imports from China.
Even as experts doubt the possibility of a “deep free trade agreement” between India and the European Union (EU), both sides are likely to exchange offers on goods and services by the end of the next month.
India and China are expected to sign dozens of trade deals during Prime Minister Manmohan Singh's three-day visit to China from January 13, but India is wary of Free Trade Agreement (FTA) with China.
The United States and India are to explore the possibility of forging a bilateral investment agreement in high-level talks next month, US Treasury Secretary Henry Paulson said.
Union commerce minister Kamal Nath today said India was in talks with the US and Canada for free trade agreements. “Bilateral trade agreements are currently in the pipeline with at least 10 potential partners ranging from the Asean (Association of South East Asian Nations), the EU, the US and Canada,” the minister said.
India on Wednesday said it is in talks with the US and Canada for a market-opening bilateral agreement, on the lines of trade pacts being negotiated with the European Union and the ASEAN.
India will push for the removal of stringent quality norms for export to the European Union in the bilateral trade and investment agreement that is being worked out now. Restrictions on supplying ayurvedic medicines to the EU countries, extremely low maximum residue limit on products such as spices and registration problems faced by poultry and egg suppliers are high on India's agenda.
