ISDS Case Map
India
The Australian Foreign Minister, Alexander Downer, on Wednesday hinted at the possibility of India and Australia entering into a Free Trade Agreement (FTA).
Fearing a further surge in imports from Thailand under the Indo-Thai free trade agreement (FTA), India Inc has brought into sharp focus the urgent need to look internally and address the disabilities suffered by Indian companies in terms of high cost of production, higher import duties, infrastructure service cost and huge interest rate differential compared with the neighbouring country.
The South Asian Free Trade Agreement (SAFTA) is expected to be signed by January 2006, while India is hopeful of a free trade agreement with Singapore very soon, said S.N. Menon, Secretary in the Union Ministry of Commerce and Industry.
The Government of India has identified Brazil as strategic partner in Latin America and is strengthening relations and expanding cooperation.
Prime Minister Thaksin Shinawatra stressed speeding up the process of finalising the Free Trade Area agreement between Thailand and India during his one-day working visit to the Indian capital on Friday.
The Centre on Saturday warned that any misuse of the Free Trade Agreements (FTA) would lead to criminal prosecution of those involved in such practice.
Thai Prime Minister Thaksin Shinawatra will arrive in India Friday on a one-day visit to find ways of pushing a free trade deal that will strengthen the growing trade relations between the two countries.
Smaller and indigenous automotive and component companies may find themselves at a disadvantage due to the Free Trade Agreements (FTAs) being put into place across Asia, says a report released by KPMG.
The domestic auto industry has asked the government to include completely-built units of all four-wheelers (including buses, trucks, MUVs and passenger cars) and two-wheelers (up to 250 cc) in the negative list for the free trade agreement (FTA) with the Bimstec regional block.
Indian Commerce and Industry Minister Kamal Nath and Australian Trade Minister Mark Vaile have indicated that both the countries would beign discussions on a trade and economic framework, leading to possible free trade agreement (FTA).
