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India working on new & existing FTAs

Australian Trade Minister, Mr Simon Birmingham, will likely visit India later this month and meet Commerce and Industry Minister, Mr Piyush Goyal, to boost talks for an FTA, which is at an advanced stage of negotiations and could be clinched in the next 6-9 months. Similarly, India will speed up talks with European Free Trade Association members—Switzerland, Norway, Iceland and Liechtenstein—for a separate trade pact in parallel to its discussions with the EU. It’s also seeking to rework its existing FTAs with ASEAN, Japan, Malaysia and South Korea to trim its trade deficit with these nations, said the report.


Source : Exim News Service - New Delhi, Feb. 13


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