Asean-India free trade agreement expected for summit
January 25th, 2009 - 3:46 pm ICT by IANSBangkok, Jan 25 (DPA) A free trade agreement between India and South-east Asia is expected to be signed at the upcoming summit of the Association of South-East Asian Nations (Asean), state-run media reported Sunday.Director-general Apiradi Tantraporn of Thailand’s Foreign Trade Department said the pact was planned for the 14th Asean Summit scheduled Feb 27-March 1 at Hua Hin beach resort, 130 km south-west of Bangkok, the Thai News Agency reported.
The agreement would reduce Indian tariffs to zero on 3,666 imported items from South-East Asia by the end of 2012.
Asean-made goods expected to gain from zero tariff include refrigerators, fans, air-conditioner parts, jewellery and ornamental goods, rubber products and plastic resins, Apiradi told the agency.
Asean comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
A partial trade agreement that has already gone in to effect between Thailand and India covers only 82 items.
“The Asean-India FTA, if signed during the summit, will help boost investment in India and also trade among the South-east Asian bloc member countries because of using raw materials manufactured by Asean members on goods to be exported there,” Apiradi said.
Related Stories
- ASEAN-India free trade agreement depends on Thailand - Jan 26, 2009
- ASEAN for business council with India - Oct 24, 2009
- India grants 'Market Economy' status to Vietnam - Oct 25, 2009
- India to enhance ties with East Asia (Lead) - Oct 23, 2009
- India hoping to take 'Look East' policy to new level : PM - Oct 23, 2009
- New Delhi to host India-ASEAN summit in 2012 - Jan 21, 2010
- Manmohan leaves for Thailand Friday, likely to meet China PM - Oct 21, 2009
- Manmohan, Wen to hold 'very important' meeting in Thailand (Lead) - Oct 21, 2009
- ASEAN Summit to begin in Thailand - Oct 22, 2009
- ASEAN seeks Indian role to battle economic crisis - Oct 25, 2009
- Indian PM in Thailand, to meet Wen to ease tensions (Roundup) - Oct 23, 2009
- India explore FTA with Thailand,China Japan - Oct 25, 2009
- India's participation in ASEAN Summit is very significant: Kidchob - Oct 23, 2009
- Krishna, Clinton head to Thailand Tuesday for security meet - Jul 20, 2009
- India, ASEAN set to sign FTA at Thailand October summit - Jul 22, 2009
- air conditioner
- asean members
- asean summit
- association of south east asian nations
- bloc
- director general
- east asian nations
- free trade agreement
- fta
- hua hin beach
- member countries
- pact
- plastic resins
- raw materials
- refrigerators
- rubber products
- south east asia
- south east asian
- thai news agency
- zero tariff
Posted in Uncategorized, |







