ISDS Case Map
India
Indian High Commissioner to Bangladesh Veena Sikri pinned high hope on Prime Minister Khaleda Zia's India visit beginning today in boosting trade between the two South Asian neighbours.
The last meeting of the Indo-Bangladesh Joint Economic Commission discussed the formation of a free trade area (FTA) between the two countries. The FTA offer was made earlier by India. Bangladesh has only scrutinised different aspects of the proposal so far.
Indian and Chinese economic relationship is set to get a leg up with the two countries closing in on signing a Bilateral Investment Protection Agreement (BIPA), which will help investments from across the border, some of which have been seen with suspicion in the recent past.
Southern African Development Community (SADC) hopes to start trade talks with China and India at the forthcoming SADC Council of Ministers Consultative Conference in Windhoek, Namibia next month.
Although India, Brazil, and South Africa share bilateral trade agreements amongst themselves, binding trilateral free trade arrangements between the countries are not an option at the present time because of previously signed multinational agreements involving their neighboring nations.
Singapore is likely to ask India to re-visit the provisions of the bilateral Double Taxation Avoidance Agreement to bring it on a par with a similar agreement between India and Mauritius.
India announced that it is evolving an agreement in maritime shipping within IBSA (India, Brazil and South Africa) and working out modalities to implement the framework agreement in civil aviation in the region. It cautioned, however, that since Brazil and South Africa were members of MERCOSUR and SACU, there were constraints in working out a trilateral FTA within the IBSA framework.
Chile, the world's top copper producer, signed a partial trade deal with India on Wednesday, obtaining easier access for the red metal to Asia, where more copper is used than anywhere else.
India and the Gulf Cooperation Council (GCC) are likely to finalise a free trade agreement (FTA) in goods by year-end, a senior official said on Wednesday.
India today signed a Preferential Trade Agreement (PTA) with Chile, which, in the words of Shri Kamal Nath, Union Minister of Commerce and Industry, marks a “watershed in ties between the two countries as it will impart a new dimension to our trade relations in the times to come”.
