ISDS Case Map
SAFTA
Maldivian Minister Mohamed Saeed has said that India has initiated efforts to create a Free Trade Agreement with the island nation, and discussions on the same are ongoing.
Pakistani government decides to avoid future investment treaties and cancels agreements posing legal risks.
The ministry of commerce on Friday said that India has violated article 7 of SAFTA (Trade Liberalization Programme), therefore, Pakistan has formally suspended imports and exports with India in last year.
SAPTA and SAFTA never took off is because all these countries were never able to focus on trade, keeping politics aside.
Delegation of FICCI Textiles Committee met Smriti Zubin Irani, Minister for Textiles and Women and Child Development recently and impressed upon her to launch a special mission for synthetic fibre and textiles value chain to make Indian industry competitive in the global trade which is predominantly done in the man-made fibre (MMF)-based items.
Local steel manufacturers have demanded protection of locally made several types of finished steel products from uneven competition with low-cost commercial imports under SAFTA benefit.
India and Bangladesh have proposed early conclusion of a Compressive Economic Cooperation Agreement to boost bilateral trade and investment and set an example for giving a fillip to regional trade in South Asia.
Eight finance ministers from South Asia pushed for the fast-track formation of the South Asian Economic Union (SAEU) to ensure larger investment inflows, higher trade volumes and energy generation.
The commerce ministers will discuss on enhancing intra-SAARC trade flows under SAFTA and vision for further trade liberalisation by reducing non-tariff and para-tariff barriers.
Business leaders have called on the Indian government to conduct a thorough review of the country's trade agreements as experts predict this year’s exports will slump to 2010 levels.
