India, Asean hope to end FTA in services by '11-end
05/03/2011 31
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New Delhi, Mar 2 (PTI) India and the bloc of 10 Southeast Asian nations today exuded confidence that their bilateral free trade agreement (FTA), presently limited to merchandise, will be enlarged to cover services and investment sectors by 2011-end.
The two sides are engaged in hectic negotiations to expand the ambit of FTA in goods, which was already operationalised from January last year, to include trade in services and investments, a key area of interest for India.
"We are in an advanced stage of concluding negotiations (for free trade agreement) in services and investments," Commerce and Industry Minister Anand Sharma told reporters here in the presence of trade ministers of ASEAN.
Trade Ministers of Association of South East Asian Nations (ASEAN) are here to attend the India-Asean Business Fair and Conclave. Ficci is the lead coordinator of the event.
March 2nd, 2011
Source: ptinews.com
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