- Monday 30 Mar 2020
India, ASEAN agrees to review free trade pact in goods
Team Udayavani, Sep 10, 2019, 5:53 PM IST
New Delhi: India and 10-member bloc of South-East Asian nations have agreed to review their free trade agreement, signed in 2009, to make it more business-friendly and boost economic ties.
The two sides also decided to constitute a joint committee for this purpose, according to a statement.
This was agreed upon during the meeting between economic ministers of ASEAN and Commerce Minister Piyush Goyal in Bangkok on Tuesday. They met for the 16th AEM-India consultations.
“The ministers agreed to initiate the review of the ASEAN-India trade in goods agreement to make it more user-friendly, simple, and trade facilitative for businesses,” a joint media statement issued after the meeting said.
The ministers tasked officials to work on the details of the review of the agreement and submit an update rather next ministerial meet.
Both the sides also gained the recommendations of the ASEAN-India business council to further promote the potential of bilateral trade through the utilisation of the free trade pact as well as cooperation in some areas like financial technology, connectivity, startups and innovation.
The India-ASEAN trade in goods pact came into force from January 2010.
Under the pact, two trading partners set timelines for eliminating duties on the maximum number of goods traded between the two regions.
The 10 ASEAN members are Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam.
The bilateral trade between the two sides has increased to USD 80.8 billion in 2018 from USD 73.6 billion in 2017.
ಓಂ ಶ್ರೀ ಸಾಯಿ ಜ್ಯೋತಿಷ್ಯಾಲಯ
South Canara’s Famous Asrologer
Family issue, ಮದುವೆಯಲ್ಲಿ ವಿಘ್ನ, ಸತಿ-ಪತಿ ಕಲಹ, Court Case, ವಶೀಕರಣ, Love problems, ಸದಾ ಕುಟುಂಬದಲ್ಲಿ ಕಲಹ, Money problem, ಕೆಲಸದಲ್ಲಿ ಕಿರಿಕಿರಿ, ಮಕ್ಕಳ ಸಮಸ್ಯೆ, ವ್ಯಾಪಾರದಲ್ಲಿ ಅಡೆ-ತಡೆ, Loan Issue, ನಿಮ್ಮ ಯಾವುದೇ ಸಮಸ್ಯೆಗೆ 3 ದಿನಗಳಲ್ಲಿ ಶಾಶ್ವತ ಪರಿಹಾರ.
ಹೊಟೇಲ್ ದುರ್ಗಾ ಇಂಟರ್ ನ್ಯಾಶನಲ್, ರೂಂ. ನಂ. 310, 3ನೇ ಮಹಡಿ, ಸಿಟಿ ಬಸ್ ಸ್ಟ್ಯಾಂಡ್ ಹತ್ತಿರ, ಉಡುಪಿ
ಪಂಡಿತ್ ಸಾಯಿನಾಥ್ ಜೋಶಿ : Ph- 98449-44242
Washington: Digital surveillance and smartphone technology may prove helpful in containing the coronavirus pandemic -- but some activists fear this co....
London: A 108-year-old woman, who survived two world wars and the 1918 Spanish flu pandemic, has become the UK's oldest coronavirus victim after she d....
Bogota: A retired Venezuelan general who was charged by the United States with "narco-terrorism" along with President Nicolas Maduro and other officia....
Paris: Princess Maria Theresa passed away on Friday, March 27 due to COVID-19 virus, her brother Prince Sixtus Henry of Bourbon-Parma announced. She w....
Toronto: Canadian Prime Minister Justin Trudeau's wife said Saturday that she has recovered from being ill from COVID-19 disease caused by the new cor....
Mangaluru: A man identified as Melwyn Pinto has been booked for making objectionable remarks against deputy commissioner Sindhu B Rupesh allegedly ove....
Bengaluru: Seven new cases of coronavirus have been reported in Karnataka taking the total number of infections to 83, the state Health Department sai....
Kasaragod: For the second time in two days, Kerala Chief Minister Pinarayi Vijayan on Sunday sought Prime Minister Narendra Modi's intervention to ens....
Living in a modern building can have unintended side effects. One of these side effects is less air flow. Lack of air flow allows for indoor air pollu....
Kundapura: In a case of lockdown violation that occurred at Tallur under Kundapura rural police jurisdictional limits, police took to task few bikers ....