30 Aug, 2010
The Economic Times (India)
NEW DELHI: India will soon implement the free trade agreement (FTA) in goods with two more Asean countries -- Indonesia, Cambodia -- by slashing duties on hundreds of products including seafood, chemicals, apparel and tyres. In turn the two countries will also slash import duties on hundreds of Indian goods.
The agreement, operationalised with the 10-member Association of Southeast Asian Nations (ASEAN) on January 1, is already functional with four members - Singapore, Thailand, Malaysia and Vietnam.
"Indonesia and Cambodia have completed the internal approval process of the pact. They have formally informed Commerce Minister Anand Sharma in Vietnam. Both will issue a notification in this effect with in a week," a senior Commerce ministry official said.
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The agreement, operationalised with the 10-member Association of Southeast Asian Nations (ASEAN) on January 1, is already functional with four members - Singapore, Thailand, Malaysia and Vietnam.
"Indonesia and Cambodia have completed the internal approval process of the pact. They have formally informed Commerce Minister Anand Sharma in Vietnam. Both will issue a notification in this effect with in a week," a senior Commerce ministry official said.
Please click here to read more...
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