There are rumours that the Congress-led Government is set to decide upon a potential free trade agreement (FTA) with the US government. Strong lobbies such as NASSCOM (National Association of Software Companies) are pushing an FTA for services with the belief that it will resolve their BPO (business process outsourcing) problems.
As part of positioning itself in the global economy in the ever growing global village, the Southern African Customs Union (SACU) is contemplating fostering closer economic ties with India.
India wants to explore possible free trade agreements with Japan, China and the United States, as negotiations on such deals with Southeast Asian countries progress, the commerce minister says.
India and Thailand have agreed to moved faster in the direction of a free trade area (FTA) by reducing by half their applied levels of tariffs on 82 select commodities. This comes into effect from September 1, 2004.
India and Thailand will sign on Monday, a protocol to pave the way for establishing a free trade area between the two nations by 2010.
Assuring all help to the auto component industry in dealing with free trade agreements (FTAs) and regional trade agreements (RTAs), the Government on Wednesday said formalities for setting up an R&D centre for the industry would be completed soon.
The framework for a free trade agreement (FTA) between India and the GCC states will be signed this week, it has been revealed. The agreement will be signed during the visit of Kuwait’s Foreign Minister Shaikh Dr Mohammed Sabah Al Salem Al Sabah, who will be heading a GCC delegation, including senior officials from Bahrain’s Commerce Ministry.
A delegation of members of the Southern Region Office of the Confederation of Indian Industry (CII) representing a variety of business enterprises called on Foreign Minister Lakshman Kadirgamar at the Ministry of Foreign affairs on August 31.
India and the Gulf Cooperation Council (GCC) today signed a framework agreement on economic cooperation as a first step towards exploring the possibility of a free trade area (FTA) between them.
Following a series of unpublicized negotiations with the US Department of Commerce, the Treasury Department, Department of State and the Pentagon, India feels the time has come for a comprehensive bilateral treaty with the US in the service sector.
India must incorporate special provisions for the chemical, petrochemical and textile sectors in its free trade agreements (FTAs) with other countries as a steady decline in tariffs in these sectors is exposing domestic players to unfair competition, says a draft report on FTAs prepared by the Indian Institute of Foreign Trade.
Even though the finer implications of the Free Trade Agreement (FTA) with Thailand are yet to become clear, multinational players have begun reworking the economics of operating from India.
The finalisation of modalities for implementation of the Indo-Thai free trade agreement (FTA) on Friday sends out clear signals that the United Progressive Alliance (UPA) is not averse to the idea.
A free trade agreement (FTA) on services between India and the US could be on the cards, a move which can give a big leap to the country’s IT industry.
Commerce Minister Kamal Nath’s interest in entering into a free trade agreement (FTA) in services with the US may not prove to be a smooth affair. According to senior ministry officials, there are serious reservations, both within the US and India, over liberalising the services sector.
Prime Minister Manmohan Singh on Thursday made his maiden foray into the foreign policy realm by announcing a review of the various Foreign Trade Agreements (FTAs) signed by the previous BJP-led NDA government.
India will take a hard re-look at the free trade agreement with Thailand which the Vajpayee Government initiated last year.
Bangkok and New Delhi are looking forward to developing further linkages in the areas of tourism and hospitality to widen economic co-operation under the Thailand-India bilateral free-trade agreement, according to high-ranking representatives of both countries.
Commerce Minister Kamal Nath has put the proposed free trade agreements (FTAs) under the scanner amid fears that in many of the upcoming FTAs India might give away more than it would take, unless the country repositions its stance in many cases.
Ahead of India preparing to sign a free trade agreement (FTA) with the
Mercosur group of countries, the vegetable oil and food industries have
cautioned the government to work out the arrangement keeping in mind the
interests of domestic industry.