India bridges gap with ASEAN on trade pact
Having resolved differences with all Asean members but Indonesia, India hopes to achieve a breakthrough on the market-opening trade pact with the south-east Asian trading bloc by August.
By TNN |
NEW DELHI: Having resolved differences with all Asean members but Indonesia, India hopes to achieve a breakthrough on the market-opening trade pact with the south-east Asian trading bloc by August. ���The India-Asean agreement is likely to be concluded by August.
We have no problems with nine of the Asean countries. It is only with Indonesia that some issues remain unresolved,��� a commerce ministry official said. Indonesia has not come up with a response matching India���s offer in the much-delayed Comprehensive Economic Cooperation Agreement. ���Once we resolve the differences, we (will) have a deal,��� he said. India has offered to bring 80% of the total trade products on the zero duty list, a condition all Asean members but Indonesia have agreed to.
We have no problems with nine of the Asean countries. It is only with Indonesia that some issues remain unresolved,��� a commerce ministry official said. Indonesia has not come up with a response matching India���s offer in the much-delayed Comprehensive Economic Cooperation Agreement. ���Once we resolve the differences, we (will) have a deal,��� he said. India has offered to bring 80% of the total trade products on the zero duty list, a condition all Asean members but Indonesia have agreed to.
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