Page 5 - Free Trade Agreement

US surpasses China as India's biggest trading partner at $87.95 billion

Trade experts believe that the trend will continue in the coming years also as New Delhi and Washington are engaged in further deepening the economic ties

India not negotiating comprehensive FTA with US currently: Govt to RS

No, Sir. Presently, India is not negotiating a comprehensive FTA with the US," Commerce and Industry Minister Piyush Goyal said in a written reply to the Rajya Sabha

Indirect tax: Few but well-justified changes in Budget 2020

Customs duties and exemptions need to be streamlined

Will not sign FTA in a hurry to avoid RCEP-like impasse: Piyush Goyal

On November 4, Prime Minister Narendra Modi announced in Bangkok that India will not join RCEP as negotiations failed to address New Delhi's "outstanding issues and concerns"

Look West can't replace Act East

The European Union and the US are not ideal for us to get into a binding FTA

India-ASEAN FTA review: Further liberalisation of trade on agenda

ASEAN-India trade in goods agreement was signed on August 13, 2009, and entered into force on January 1, 2010

Govt initiates dialogue with ASEAN members for review of FTA: Goyal

He also said the Coffee Board is trying to develop an Indian brand of coffee for export and the work in this regard is underway

Appliances & consumer electronic mkt to double to Rs 1.5 trn by FY25: CEAMA

The appliances and consumer electronics industry is projected to double to Rs 1.48 lakh crore by 2024-25, according to a report. The market is expected to see acceleration in growth on account of surging rural consumption, reducing replacement cycles, increasing penetration of retail, a wide choice of brands and products at various price points, it added. The industry had a total market size of Rs 76,400 crore in 2018-19, in which Rs 32,200 crore was contributed from domestic manufacturing, according to the joint report by CEAMA and Frost & Sullivan. The report is based on product categories, which include air conditioners, refrigerators, washing machines, television (TV) and audio. "The overall market size of the five categories covered in this project for the year FY19 is 76,400 crore and the market is estimated to grow at a CAGR (compound annual growth rate) of 11.7 per cent till FY25," the report said. It also suggests that domestic value addition for "ACE (appliances and ...

Australian ex-PM Tony Abbott calls for bilateral free trade pact with India

To focus on the RCEP, India had earlier decided to hold off talks on bilateral FTAs with both the nations

Reflections on RCEP and FTAs

In the process of evolving comparative advantage, some sectors will lose out. This, however, is not typical of FTAs but of all trade

RCEP debate: Issue of diminishing returns from FTAs plagues India

The basic building block of the proposed RCEP - the Asean FTA - continues to be one-sided

Darkening clouds: Govt denial, inadequate response are not helping economy

If we go on being inward-looking, how will the system open up? Those that are not competitive locking competitive ones out of markets cannot be a way to get to the $5-trn dream, writes T N Ninan

Simple economics: India would've incurred a huge cost by joining RCEP

Now, RCEP will incur the costs of losing the Indian market which was the only worthwhile market

After RCEP opt-out, Goyal says India supports free trade agreement with EU

India says supports FTA talks with EU after refusing to join China-led accord

RCEP: If India wants to be a developed country, then does it have a choice?

If we believe it's time for India to transform itself into to a developed country, with the aspiration of a $ 5 trillion economy, then we ought to get over this protectionist mindset

India will not sign any free-trade agreement in a rush, assures Goyal

Addressing a state consultation workshop on Make in India, the minister said India would enter into any FTA or comprehensive partnership on its own terms

India's last-minute demands for concessions might jeopardise RCEP deal

India, which has raised some tariffs under Prime Minister Narendra Modi, has long been the main holdout on an RCEP deal due to strong domestic opposition

US working on a deal to reinstate GSP for India: Congress report

In June, the US terminated India's designation as a beneficiary developing nation under the key GSP trade programme

India must take a leaf out of China's book and prepare its economy for RCEP

The economy needs changes that can't be made overnight; without them, it will continue to under-perform, whether India signs up for RCEP or not. Work should have started 7 years ago, writes T N Ninan

Letter to BS: India can benefit from free trade agreement in long run

Or is this a pipe dream with severe unintended consequences?