ISDS Case Map
India
In ongoing trade negotiations, members of the Association of Southeast Asian Nations (ASEAN) urged India to open its import market to additional key commodities, a senior Thai Commerce Ministry official reports.
Trade within South Asia can be more than doubled if appropriate regional agreements on roads, rail, air, and shipping are put in place. A comprehensive report prepared by the World Bank ahead of the Saarc Heads of State Summit in New Delhi on April 3 to 4 has suggested that the instrumentality of South Asian Association for Regional Cooperation (Saarc) be deployed not in promoting South Asia Free Trade Agreement (Safta) but project by project cooperation in areas of mutual interest.
Even as an economic cooperation agreement with the European Union is in the offing, India on Wednesday announced that it would expand its free trade regime in Europe by exploring the possibilities of similar pacts with the European Free Trade Association (EFTA), comprising Iceland, Norway, Switzerland and Liechtenstein.
India is ready to consider some “unilateral” steps to address some concerns of Pakistan to see operationalisation of Safta.
When Tom Sundher, president of Surrey-based Coast Clear Wood, started exporting to India seven years ago, a container of his lumber for making doors, windows and cabinets would arrive in Mumbai and be stamped with a staggering duty of 37.5 per cent.
Keen to boost their trade and economic ties, India and the UAE today revised their agreement on Double Taxation Avoidance and signed a pact for exchange of information between the stock exchange regulators.
After more than a year's gap, representatives of India and the six-nation Gulf Co-operation Council (GCC) will meet next month to take forward the talks on proposed Free Trade Agreement (FTA).
India and the Association of South East Asian Nations (ASEAN) will hold what may turn out to be an "almost make or break [talks]" for finalisation of their long-stalled free trade agreement (FTA). Senior officials from both will meet in Manila by March-end.
Import Policy Regulations are provided in the import regimes of all SAARC countries and Pakistan had only indicated this requirement in its notification to make it transparent.
An Indian trade delegation is due in Colombo next week for talks aimed at firming up bilateral trade which will include professional services, investments and trade in goods, officials said.
