ISDS Case Map
India
There is a lot of anxiety in the developed world that Asia, buttressed by markets such as China and India, might be emerging as a big free trade block by itself.
Thailand has advised India not be deterred by the "aftershocks" of a tariff reduction on products under the Early Harvest Scheme in the Indo-Thai Free Trade Agreement (FTA) initiated in September last year.
The second meeting of the Gulf Cooperation Council (GCC) and Indian businessmen will be held from January 28-29 next year in Muscat, Oman.
Thailand is looking at increasing the number of items under the Free Trade Agreement (FTA) between India and China to 5,000 from the present 82. Besides, due to the existing FTA between the two countries, it also expects the bilateral trade to grow to around $5 billion from the present $3 billion.
Singapore and Vietnam today showed keen interest in enhancing trade ties with India in view of the immense opportunities for investors here.
The European Union wants India to extend similar capital gains tax benefits to its investments in the country as is given to Singapore.
The sixth India-EU summit in New Delhi on September 7 is likely to be marked by a more definite move towards clinching a bilateral investment/trade agreement.
India hopes to expand the scope and coverage of trade with Malaysia once a Comprehensive Economic Cooperation Agreement (CECA) between Malaysia and India is completed.
On the eve of UK Prime Minister, Tony Blair's arrival in the country for the India-EU Summit, India Inc. represented by the country's top CEOs on Monday favoured signing of a special Free Trade Agreement (FTA) with the European Union (EU) in the area of services, given India's strength in knowledge driven sectors and changing demographic profile in EU, which will soon face a shortage of trained manpower for future economic growth.
On the lines of its successful "Look East" policy to promote trade and investment with its Asian neighbours, India aims to adopt a similar policy for West Asia, an external affairs ministry official said here Tuesday.
