ISDS Case Map
India
The Mid Term Review of the Tenth five year plan has argued that India should push for free trade areas with various regional groupings and suggested that the country reduce its Most Favoured Nation tariffs to a "very low level" in preparation for the FTA with ASEAN.
Commerce and industry minister Kamal Nath has said that India is specifically looking at regional trading agreements (RTA) to boost its trade. "Without such agreements India faces the risk of being isolated globally. India must engage in trade on a regional basis", he said.
China's proposal for a free trade agreement with India meets with resistance from Indian industry.
Though the end of the quota regime has made India a much sought-after destination in the textile sector, the industry here is reeling under fears of cheap imports from Sri Lanka and Bangladesh.
Though the end of the quota regime has made India a much sought-after destination in the textile sector, the industry here is reeling under fears of cheap imports from Sri Lanka and Bangladesh.
Recent writings on trade policy have focused excessively on free trade agreements/regional trade agreements (FTAs/RTAs) and their usefulness to India. The importance attached to this topic, at the expense of serious discussions on second-generation trade reforms, is frightening.
Guatemala has expressed keen desire to expand economic ties with India, and has said that the Government was working towards easing visa procedures to facilitate the visits of Indian businessmen and tourists.
The Associated Chambers of Commerce and Industry of India sees tremendous scope for enhancing economic ties with Europe and has mooted a four pronged strategy for expanding India's trade basket with the enlarged EU in areas such as information technology & communication, biotech & pharmaceuticals, agro foods processing and textiles.
The much-hyped India-ASEAN Free Trade Agreement may not include the Early Harvest Programme with government considering a proposal about whether to adopt a full-fledged FTA.
The Prime Ministers of India and Japan have directed the India-Japan Joint Study Group to consider the feasibility of an India-Japan Economic Partnership Agreement.
