Visit Indian Travel Sites
Goa,
Kerala,
Tamil Nadu,
Andhra Pradesh,
Delhi,
Rajasthan,
Uttar Pradesh,
Himachal Pradesh,
Assam,
Sikkim,
Madhya Pradesh,
Jammu & Kashmir
Karnataka
|
India-ASEAN free trade agreement to come into force in January 2010 | India and the Association of South East Asian Nations (ASEAN) have signed a trade in goods Agreement in August, which is envisaged to come into force with effect from
January 2010. Union Minister of State for Trade and Commerce, Jyotiraditya Scindia
informed the Lok Sabha about this on Monday. In a written reply Scindia said :
“During the ASEAN-India Free Trade Agreement (FTA) negotiations, domestic consultations
were held through various rounds of inter-ministerial meetings and stakeholder
dialogues.” “The Agreement will lead to growth in bilateral trade and investment
resulting in economic welfare gains to India . Indian exporters of machinery and
machine parts, steel & steel products, oilcake, wheat, buffalo meat, automobiles
and auto components, chemicals, synthetic textiles, etc. would gain additional
market access into the ASEAN countries,” he added. Indian manufacturers would
be able to source intermediate products at competitive prices from the ASEAN markets
for further reprocessing and export, Scindia said. |
|
|
|
|
|