ID :
75176
Thu, 08/13/2009 - 20:29
Auther :
Shortlink :
https://oananews.org//node/75176
The shortlink copeid
ASEAN AND INDIA SIGN FTA
BANGKOK, Aug 13 (Bernama) -- After more than six years of intense
negotiations, Asean and India on Thursday signed a free trade agreement (FTA)
that hopes to increase trade between the two to US$60 billion by 2016.
Under this agreement, Asean member countries and India will lift import
tariffs on more than 80 percent of traded products between 2013 and 2016.
Tariffs on sensitive goods will be reduced to five percent in 2016 while
tariffs are maintained on up to 489 items of very sensitive products.
The signing took place at the 41st Asean Economic Ministers (AEM) Meeting
here.
India's Commerce and Industry Minister Anand Sharma signed on behalf of
the country.
-- BERNAMA
negotiations, Asean and India on Thursday signed a free trade agreement (FTA)
that hopes to increase trade between the two to US$60 billion by 2016.
Under this agreement, Asean member countries and India will lift import
tariffs on more than 80 percent of traded products between 2013 and 2016.
Tariffs on sensitive goods will be reduced to five percent in 2016 while
tariffs are maintained on up to 489 items of very sensitive products.
The signing took place at the 41st Asean Economic Ministers (AEM) Meeting
here.
India's Commerce and Industry Minister Anand Sharma signed on behalf of
the country.
-- BERNAMA
