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Photo Fair 2008
December 04, 2008 (10:00 am) - December 07, 2008 (6:00 pm)
(Exhibitions)
Due to the political problems in Thailand, both the Bangkok’s airport had been seized from November 25 by protesters, a minimum number of flights from…
11 schools in Bangkok announced closed today by the BMTA - Bangkok Metropolitan Administration at Phra Nakhorn district, said by the district director.
The school…
Bangalore, Nov 29 (IANS) Two of the 10 remaining scientific instruments onboard India’s first unmanned lunar mission Chandrayaan-1 will be activated in mid-December for conducting…
Discovery Channel announced Deadliest Catch will return for a fifth season in its 2008-2009 lineup, fans have to wait a little more.
Deadliest Catch, documentary…
According to the scientist research that poultry’s such as turkey is less likely to be contaminated with bacteria that can cause food poisoning if the…
The new launched website 45-65.com, created by Matt Parks, one among the students and fans ofThe University of Texas Longhorns Football team , who have…
London, Nov 28 (ANI): Indias first uncrewed lunar probe, Chandrayaan-1, is experiencing the hottest temperatures it has yet faced, which have forced it to take…
Former OU and NBA basketball star Wayman Tisdale comes back with his first musical appearance after having leg amputated.
Wayman Tisdale, a 44 year-old American…
India and the 10-member Association of Southeast Asian Nations (Asean) Thursday concluded a free trade pact in merchandise goods that will pave the way for a free trade area in the region by 2016, officials said. “It is an important milestone for our region,” India’s Commerce Minister Kamal Nath told a press conference here after concluding the far-reaching pact with Singapore’s Industry Minister Lim Hng Kiang.
“It took six years for India to understand the sensitivities of Asean, and for the Asean to understand the sensitivities of India,” said Kamal Nath, explaining why the process took so long. A framework pact has been signed in 2003.
The formal free trade agreement will be signed at the Asean-India Summit in Bangkok in December. The grouping comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
The agreement will give Asean companies an enhanced market access to India as well as reduced tariffs in some key exports like palm oil, crude, tea and pepper.
This apart, they will also enjoy a cumulative rules of origin where goods produced in one Asean country, then finished in another and subsequently exported to India would enjoy the same access to and concessions in the Indian market.
Otherwise, such trade pacts require that there must be a minimum value addition to merchandise goods within the exporting country in order to benefit from the tariff concessions.
“This will lead to greater integration between Asean and its dialogue partner,” said Indonesian Trade Minister Marie Pangestu, who was present at the joint interaction with the media.
Trade between India and Asean - a collective market of over 1.5 billion people - reached $30 billion and the two sides have now set a target of $50 billion by 2010.
Between 2005 and 2007, Asean’s trade engagement with India grew at 31 percent annually, which was the fastest for the regional grouping among all its major trading partners.
“India is ready. The onus is on Asean to gather its team and start negotiations on services and investment,” said Lin. The two sides said they also hoped to conclude a pact on investment and services by next year.
The Indian minister said the country’s trade with Asean members was 9.6 percent of its total global trade. For Asean, India accounted for just 2 percent of its bilateral merchandise engagement.
“So the potential for enhanced economic engagement between Asean and India is profound.”
Kolkata, Dec 1 (IANS) Hundreds of agitated tribals Monday set ablaze a Communist Party of India-Marxist (CPI-M) office in West Bengal’s Maoist-hit Lalgarh region to…
New Delhi, Dec 2 (IANS) Indian model Diana Penty has replaced Bollywood actress Deepika Padukone as the new face of international cosmetics brand Maybelline New…
Washington, Dec 2 (IANS) The United States Monday said it would hold Pakistan to its commitment to cooperate with the investigation of the Mumbai terror…
Washington, Dec 1 (IANS) Asserting that sovereign nations have a right to protect themselves, US President-elect Barack Obama Monday assured India that he was absolutely…
Chandigarh, Dec 1 (IANS) Four men were arrested here late Monday for allegedly kidnapping a seven-year-old boy, the police said.The men had kidnapped the boy,…
Washington, Dec 1 (IANS) US President-elect Barack Obama named Hillary Clinton, his rival for the Democratic presidential nomination, as Secretary of State and asked Defence…
Mumbai, Dec 1 (IANS) President Pratibha Patil arrived here Monday evening, cutting short her South-East Asian tour, and met those injured in last week’s Mumbai…
Bhubaneswar, Dec 1 (IANS) Hundreds of people, including college students, children and women, Monday marched on the streets of Bhubaneswar to create public awareness about…
New Delhi/Islamabad, Dec 1 (IANS) India Monday made it clear that Mumbai’s bloody terror strikes were carried out by Pakistan-based militants and asked Islamabad to…
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