The comprehensive economic partnership agreement between India and ASEAN has inched closer with ministers of both sides endorsing the final text of the pact in Brunei. Commerce and Industry Minister Anand Sharma, who is in Brunei, participated in the ASEAN-India Consultations yesterday. In the meeting, the ministers took note of completion of legal scrubbing of India-ASEAN agreements on trade in services and investment. They also endorsed the texts of pacts for the required steps to be taken by the participating countries for the implementation of the agreements. During the ASEAN-India Commemorative Summit in December last year, India and the 10-nation Asean had finalised the free trade agreement in services and investments. Both the sides had already implemented free trade pact in goods in 2011.The free trade pact after its implementation is expected to facilitate temporary movement of business people.
News On AIR | August 22, 2013 10:02 AM
India-ASEAN FTA closer with ministers endorsing text