Only half Asean members ratify FTA with India
Press Trust of India | Fri Nov 27, 2009
Only Half Asean Members to Ratify FTA With India
NEW DELHI — India’s trade with South East Asia will be liberalized only partially from January 2010, as half of the 10-nation bloc has not received parliamentary approval for the Free Trade Agreement signed in August.
Duties on import and export of goods between India and Singapore, Malaysia, Brunei, Myanmar and Thailand would be reduced or in some cases eliminated from 2010.
“These countries would be able to implement the agreement from January 2010 and the rest (of the 10) in the next few months,” Joint Secretary in the Commerce Ministry P K Dash told reporters on the sidelines of RIS and ITPO conference here. (PTI)
