Connect with us

Asean

Survey shows increasing market access in India-ASEAN FTA

A survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) said “FTA has opened up more opportunities for Indian industries in terms of greater market access for their products in the ASEAN region.”

Aishwarya Gupta

Published

on

A prominent Indian commerce and industry association said the country’s Free trade agreement (FTA) with Association of Southeast Asian Nations (ASEAN) has increased access for both Indian and ASEAN companies into each other’s markets.

Loading...

A survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) said “FTA has opened up more opportunities for Indian industries in terms of greater market access for their products in the ASEAN region.”

FICCI was quoting its findings on the impact of the FTA on Indian industry.

The FTA signed in August 2009 with 11 ASEAN member countries, which will lift import tariffs on more than 80 percent of traded products between 2013 and 2016, became operational in 2010.

“Fifty-nine percent of respondents foresee no negative impact of duty reduction in the domestic market,” said the study conducted on 78 companies across sectors.

The study said 20 percent respondents in sectors like engineering products, processed food, textiles, garments, plantation crops and auto parts have reported a fast pace of imports from ASEAN, while 72 percent said the sourcing of certain products from ASEAN countries has not had any “uneconomical” on Indian manufacturing.

via India-ASEAN free trade agreement increases market access: survey.

Comments

Myanmar

Digital Revolution and Repression in Myanmar and Thailand

Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.

Avatar

Published

on

By Karen Lee

Loading...

Following the February 1 coup, Myanmar’s netizens became the latest to join the #MilkTeaAlliance, an online collective of pro-democracy youth across Asia.

(more…)

Continue Reading

Vietnam

Vietnam: Manufacturing to remain the key driver of growth

We expect robust exports, led by strong global demand for electronics, to continue to underpin solid economic growth over the remainder of this year with GDP forecast to rise close to 8%.

Boris Sullivan

Published

on

Vietnam’s Binh Dinh Industrial Zone: Opportunities for Foreign Investors

GDP growth was unchanged at 4.5% y/y in Q1. Manufacturing activity surged, while the recovery in service sector activity and construction continued albeit at a more subdued pace as some localised social distancing measures were reinstated.

Loading...
(more…)

Continue Reading

Vietnam

Vietnam Lao Cai popularises Sa Pa-Fansipan tourism trademark

Avatar

Published

on

 Lao Cai (VNA) –The northern mountainous province of Lao Cai has built a strategy to popularise the Sa Pa- Fansipan tourism trademark till 2025 with a vision to 2030.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,974 other subscribers

Latest

Trending