FROM ASEAN TO THE GULF: INDIA PLANS FTAS BY 2006

摘要

NEW DELHI, OCTOBER 26 : By the close of 2006, India plans to have free trade agreements (FTAs) with all the neighbouring countries beginning with the Ase an and stretching to the Gulf countries. Instructions to this effect have been given by the prime Minister, Dr. Manmohan singh, who has told his Trade and Economic Relations Committee ( TERC) that "Our neighbors should have a greater stake in our economic growth and should benefit from it". However, an FTA with china is not on the agenda. About the countries of the south Asian Association for Regional Cooperation (SAARC), Dr Singh categorically said, "India should be prepared to buy more". All -the SAARC countries have a negative balance of trade with India.