FTA with Singapore soon

摘要

The South Asian Free Trade Agreement(SAFTA)is expected to be signed by January 2006,while India is hopeful of a free trade agreement with Singapore very soon,said Mr.S.N.Menon,Secretary in the Union Ministry of Commerce and Industry.Speaking at a meeting on'Indo-Asean Commercial Relation-An Era of New Beginning',organised by the Bengal National Chamber of Commerce and Industry(BNCCI),Mr.Menon said the tariff level among the Asean countries would go down to 5 per cent within a short period.Originally,Asean had 10 member countries but now India,China,Australia,New Zealand and Korea are willing to become its permanent members.