ISDS Case Map
India
Australia’s escalating tensions with Beijing have shown up its reliance on China trade and propelled a push to increase links with Asia’s other giant economy, India.
The Government of India will implement a host of measures to curb the misuse of Free Trade Agreement (FTA) routes by unscrupulous importers, while ensuring that legitimate beneficiaries do not suffer.
South Korean exporters need to be on alert as India has been strengthening trade remedies such as anti-dumping measures to protect its industries, said a local trade association.
The two aim for a free trade agreement (FTA) in the long run and have been working on an initial trade deal for almost two years amid a plethora of bilateral issues ranging from medical devices, agriculture, Harley Davidson motorbikes, e-commerce, totalisation pact, visa issues and disputes at the World Trade Organization.
Seclink Technologies, funded by the royal families of the United Arab Emirates and Bahrain, plans to seek arbitration over the issue under the Bilateral Investment Promotion Protection Agreement.
Underscoring India’s commitment towards growth in relations with Africa, New Delhi said the country's businesses could benefit from the African Continental Free Trade Agreement that was gathering pace.
India has pitched for stronger provisions in the rules of origin, removal of non-tariff barriers and better market access in the existing FTA with the the ASEAN, arguing the changes should kick off sooner rather than later.
Ministers from 15 Asia Pacific countries resumed their negotiations to forge the Regional Comprehensive Economic Partnership (RCEP) last Thursday without the participation of India, which walked away from the sprawling free-trade agreement (FTA) last November.
India and the Philippines are set to hold talks on economic aspects in September which can pave the way for a bilateral Free Trade Agreement.
The trade ministers of participating in talks on an Asia-wide free trade agreement are set to hold an online meeting, hoping to remove the final obstacles to a deal by the end of the year.
