Regional FTAs are out, but bilateral ones are as tough
The government reportedly fears the figure for revenue foregone may be as high as Rs 60,000 crore for the proposed Regional Comprehensive Economic Partnership deal once it goes live
Taiwan looking for higher tech, precision tools exports; India wants OEMs to set up shop here
Agreement of strategic importance to counter Chinese presence in the Indian Ocean
Arguing that trade talks take time and should have win-win outcomes, Australian Minister for Trade, Investment and Tourism Steven Ciabo has declined to give a timeframe for the next round of negotiations on the proposed India-Australia free trade agreement.Addressing the press here on Tuesday, Ciabo said trade deals are not zero sum games and both sides should focus on a mutually beneficial outcome. "Negotiations are continuing. The international trade space is very full. We are committed to stronger trade and investment ties with India." he added.Several rounds of negotiations have been completed for liberalizing trade and services regime besides removing non-tariff barriers and encouraging investments. The latest ninth round of negotiations took place in New Delhi in September last year.Talks have faltered after New Delhi has refused to budge from its position on reducing tariffs on agriculture while Canberra has been wary of greater market access. "Australia is pushing for tariff ..