ISDS Case Map
India
Ahead of the India-European Union (EU) summit on Nov 30, Daniele Smadja, the new envoy of the European Commission, Friday called for pushing negotiations on a broad-based trade and investment agreement between the two sides.
China and India have started to talk in terms of a free trade agreement, which would mean a giant stride in the relationship between the two countries. Officials of the two nations are scheduled to meet in New Delhi next month to work out some of the modalities that would pave the way for serious negotiations on the proposed FTA.
Bangladeshi companies may soon be allowed to invest in India. The Indian government is proposing to do away with the ban on foreign direct investment from Bangladesh. It is considering an amendment to the Foreign Exchange and Management Act.
“For India, services is the most important aspect of the India-EU bilateral pact,” a commerce department official said.
Discussions on a Comprehensive Economic Partnership Agreement have been inconclusive for about three years as India seeks to restrict the export of pepper and hydrogenated vegetable oil from Sri Lanka, which is concerned about jobs being lost to Indians.
India has called for greater economic cooperation with fellow East Asian countries saying regional groupings like ASEAN and others were pursuing separate goals, and this would not serve the larger economic interests of Asian nations.
Even as the Congress and the Left parties stake the future of the UPA government on how close India should get to the US, neighbouring Canada is deftly stepping into the breach.
A large number of Indian companies like Tata, Wipro, Ranbaxy and Reliance are dreaming to expand their presence in the US and vast Latin American market by investing in Mexico, through NAFTA and other trade pacts.
Bangladesh signed a deal with India to export 8 million pieces of readymade garments to the neighboring country with zero tariffs under the South Asia Free Trade Agreement.
India is likely to become an important sourcing hub for global auto maker Honda once the Indo-Asean free trade agreement (FTA) comes into operation
