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India to start FTA talks with Brazil, S Africa this week
Bilateral trade agreement with Asean and European Union are passe. The stage is set for the first trans-continental treaty with India, South Africa and Mercosur — comprising Brazil, Argentina, Uruguay and Paraguay — launching negotiations on a preferential trade agreement later this week.India will also start technical negotiations on Saturday for a PTA with the Southern African Customs Union, which consists of South Africa, Botswana, Namibia, Lesotho and Swaziland.
520 items to get tariff shield under India-EU trade pact
India’s commerce department is on a drive to identify 520 items that would be shielded from tariff cuts planned under the proposed India-EU bilateral trade and investment agreement. Tariffs on all other items will have to be reduced to zero in 10 years from the date of implementation of the agreement.
Senator says US needs "new vision" for trade
Washington needs to "think bigger" than it has in the past few years and look at possible trade deals with countries such as Taiwan, Indonesia, India and Japan, US Senate Democrat Max Baucus said.
State’s favourite fish may escape duty-free import net
Oil sardine and mackerel are likely to escape the list of duty-free import from Europe in the Indo-European Union trade and investment agreement, set to be signed late next year. The exemption is a major victory for fish workers.
Indo-Asean FTA talks may slip on palm oil
Negotiations on the proposed Free Trade Agreement (FTA) between India and the 10-member Asean are stuck over tariff cuts on palm oil.
New EU envoy for pushing trade pact with India
Ahead of the India-European Union (EU) summit on Nov 30, Daniele Smadja, the new envoy of the European Commission, Friday called for pushing negotiations on a broad-based trade and investment agreement between the two sides.
India, China to start talks on free-trade agreement
China and India have started to talk in terms of a free trade agreement, which would mean a giant stride in the relationship between the two countries. Officials of the two nations are scheduled to meet in New Delhi next month to work out some of the modalities that would pave the way for serious negotiations on the proposed FTA.
FEMA amendments likely to lift FDI ban on Bangla firms
Bangladeshi companies may soon be allowed to invest in India. The Indian government is proposing to do away with the ban on foreign direct investment from Bangladesh. It is considering an amendment to the Foreign Exchange and Management Act.
India, EU to talk services agreement
“For India, services is the most important aspect of the India-EU bilateral pact,” a commerce department official said.
India, Sri Lanka aim to broaden free-trade agreement
Discussions on a Comprehensive Economic Partnership Agreement have been inconclusive for about three years as India seeks to restrict the export of pepper and hydrogenated vegetable oil from Sri Lanka, which is concerned about jobs being lost to Indians.
India calls for the formation of an Asian Economic Community
India has called for greater economic cooperation with fellow East Asian countries saying regional groupings like ASEAN and others were pursuing separate goals, and this would not serve the larger economic interests of Asian nations.
Canada hopes for free trade debut
Even as the Congress and the Left parties stake the future of the UPA government on how close India should get to the US, neighbouring Canada is deftly stepping into the breach.
India Inc. dreams of reaching US market through Mexico
A large number of Indian companies like Tata, Wipro, Ranbaxy and Reliance are dreaming to expand their presence in the US and vast Latin American market by investing in Mexico, through NAFTA and other trade pacts.
Deal signed to export 8 million pieces of apparels to India
Bangladesh signed a deal with India to export 8 million pieces of readymade garments to the neighboring country with zero tariffs under the South Asia Free Trade Agreement.
Honda to source parts from India plant
India is likely to become an important sourcing hub for global auto maker Honda once the Indo-Asean free trade agreement (FTA) comes into operation
India FTA likely by December
India and Thailand plan to finally sign a free-trade agreement by the end of this year, which could bring an end to talks that have dragged on for years
Differing motives propel India and US to finalize nuclear agreement
India and the United States simultaneously released the text of a 22-page treaty that stipulates the terms under which the two countries will trade civilian nuclear fuel and technology. The fact is that the two sides are approaching the agreement with differing and even contradictory strategic agendas.
Kerala to pressurise Centre on including fish in FTA
The Kerala government is anxiously watching the move by the European Union to import 40 varieties of fish to India, as part of the proposed Indo-EU bilateral FTA, as it would adversely affect the state’s traditional fishing sector.
Asean FTA may be a no-show
The much-hyped proposed free trade agreement between India and Asean seems to be running into trouble. Asean’s demand that India bring down customs duties on four sensitive agricultural commodities to levels much lower than what New Delhi finds ‘acceptable’ has put a question mark over the deal.
Mexico’s President Calderon in India to boost bilateral trade, strengthen political ties
India and Mexico on Monday signed an agreement to scale up trade and investment