India is engaging with the 10-member ASEAN to review the free trade agreement, Parliament was informed on Friday.
India will seek concessions for its rice exports to South Korea as Seoul levies a whopping 513% tariff on imported rice and buys rice from only five countries under its tariff rate quota regime.
India and the UK will begin the process of negotiations for a Free Trade Agreement (FTA) shortly, stated Mr. Piyush Goyal, Minister of Commerce and Industry & Railways.
Australia’s escalating tensions with Beijing have shown up its reliance on China trade and propelled a push to increase links with Asia’s other giant economy, India.
The Government of India will implement a host of measures to curb the misuse of Free Trade Agreement (FTA) routes by unscrupulous importers, while ensuring that legitimate beneficiaries do not suffer.
South Korean exporters need to be on alert as India has been strengthening trade remedies such as anti-dumping measures to protect its industries, said a local trade association.
The two aim for a free trade agreement (FTA) in the long run and have been working on an initial trade deal for almost two years amid a plethora of bilateral issues ranging from medical devices, agriculture, Harley Davidson motorbikes, e-commerce, totalisation pact, visa issues and disputes at the World Trade Organization.
Seclink Technologies, funded by the royal families of the United Arab Emirates and Bahrain, plans to seek arbitration over the issue under the Bilateral Investment Promotion Protection Agreement.
Underscoring India’s commitment towards growth in relations with Africa, New Delhi said the country’s businesses could benefit from the African Continental Free Trade Agreement that was gathering pace.
India has pitched for stronger provisions in the rules of origin, removal of non-tariff barriers and better market access in the existing FTA with the the ASEAN, arguing the changes should kick off sooner rather than later.
Ministers from 15 Asia Pacific countries resumed their negotiations to forge the Regional Comprehensive Economic Partnership (RCEP) last Thursday without the participation of India, which walked away from the sprawling free-trade agreement (FTA) last November.
India and the Philippines are set to hold talks on economic aspects in September which can pave the way for a bilateral Free Trade Agreement.
The trade ministers of participating in talks on an Asia-wide free trade agreement are set to hold an online meeting, hoping to remove the final obstacles to a deal by the end of the year.
India should not give any concessions to the US under any trade deal as subsidised imported milk and other dairy products would kill livelihoods in India especially when the sector is expected to create 11 million jobs in rural households.
The so called ‘mini trade deal’ between the US and India that the Trump administration was proud to announce is stuck in limbo for good.
Such a deal will have repercussions on our agricultural production and economy.
The deal is ready to be signed, but US says if India wants trade benefits under GSP restored, it must give business equivalent to that amount.
The Regional Comprehensive Economic Partnership (RCEP) has entered the legal scrubbing phase and is expected to be signed soon without India.
Bilateral trade between Cambodia and India are on a significant rise while the two countries are moving forward to the free trade agreement (FTA) talks which will contribute to further boosting the two-way trade.
In the following videos, the possible impacts of this proposed agreement on India’s small-scale food producers are discussed.