Presently, the ever growing number of FTAs without adequate protection for the agricultural sector is a matter of serious concern. This would jeopardise the food security of our country.
Terming as “public humiliation” of Prime Minister Manmohan Singh UPA chairperson Sonia Gandhi's letter to him on free trade agreements, BJP on Wednesday demanded his resignation and asked government to make public both the letters and the pacts signed so far.
Prime Minister Manmohan Singh has assured Congress president Sonia Gandhi that the proposed Indo-Asean free trade agreement (FTA) would not affect Indian farmers.
The Indian Government's move to go in for more Free Trade Agreements with Asian countries has run into difficulties with Congress President Sonia Gandhi asking Prime Minister Manmohan Singh to "very carefully scrutinise" India-ASEAN FTA to safeguard interests of domestic farmers.
Having concluded free trade agreements with SAARC, Singapore and Thailand, India is pursuing similar arrangements with several other Asian countries, the Prime Minister, Dr Manmohan Singh, said here on Friday.
Bilateral investment treaties have become potential weapons of multinational companies against developing country governments and societies. India has signed more than 50 of them. Yet BITs remain largely outside the domain of public discussion.
With instances of more than one trade pact being inked with a single country under the Government's bilateral and regional trade agreements policy, Indian industry is apprehending confusion in import clearances arising from multiplicity of `rules of origin' norms and `negative lists' applicable on imports from the same country under the numerous agreements signed with it.
India-ASEAN Free Trade Agreement talks are in troubled waters with Asean insisting on New Delhi to eliminate its big list of negative items, contrary to the stand taken by the former.