Free Trade Agreement with China under consideration

December 5th, 2007 - 6:51 pm ICT by admin  

New Delhi, Dec 5 (ANI): The Centre today said that it is currently negotiating with eleven countries for a Free Trade Agreement (FTA), and is considering for such pacts with seven others, including China.
“India-China FTA falls under the FTAs being considered,” Minister of State for Commerce and Industry Jairam Ramesh told the Rajya Sabha, adding that a final decision on it would be taken up only after the sensitivities of domestic industry are addressed.
India has signed FTAs with five countries that include Sri Lanka, Singapore, Nepal, Bhutan and Thailand. It has signed six Operational Preferential Trade Agreements and South Asian Free Trade Area (SAFTA) agreements with Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka.
India has also signed the regional preferential trading agreements like Asia-Pacific Trade Agreement and global system of trade preference, which is open to all developing countries. (ANI)

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