| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » Marketing & Retail » Food Marketing » Topic

India-Australia could sign FTA within two months

Zoom in font  Zoom out font Published: 2016-04-01  Views: 0
Core Tip: Next week a high-level Australian delegation will visit New Delhi to resolve pending issues on the free-trade agreement (FTA) with India, which could be signed within two months.
Finance minister Arun Jaitley, who is on a four-day visit to Australia, on Wednesday 30 March said the talks on the FTA are at a fairly advanced stage and being dealt by the commerce ministry.

Jaitley, was meeting Andrew Robb, former trade minister and now Australia’s special envoy for trade. Jaitley said Robb will visit New Delhi next week to hold talks with the commerce ministry.

The talks were started in 2011 to boost both trade and investments between the two countries.

Several rounds of negotiations have been completed for liberalizing trade and services regime besides removing non-tariff barriers and encouraging investments.

Australia is pushing for tariff reduction in dairy, fresh fruit, pharma, meat and wines. On the other hand, India wants zero duty on auto parts, textiles, and fresh fruit, including mangoes and greater access in the services sector.

The bilateral trade stood at $13 billion in 2014-15 as against $12.12 billion in the previous fiscal.

 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate
Message Center(0)