CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. India Signs Additional FTA With ASEAN

India Signs Additional FTA With ASEAN

by Mary Swire, Tax-News.com, Hong Kong

10 September 2014


India has signed a pending free trade agreement (FTA) on services and investment with the Association of South East Asian Nations (ASEAN), which should improve the free movement of professionals and facilitate more investments in the services sector for both sides.

The signing was due to take place at the India-ASEAN Economic Ministers meeting in Myanmar at the end of last month but was postponed due to the absence of the Indian Commerce and Industry Minister, Nirmala Sitharaman.

Nine out of 10 ASEAN member states – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand and Vietnam – have signed the FTA, the negotiation of which was completed back in December 2012. It is expected that the last ASEAN country, the Philippines, will also able to sign the agreement shortly.

All ASEAN members are expected obtain parliamentary ratification for the FTA shortly, after which it can then be formally put into effect later this year.

The new agreement will add to the existing FTA on trade in goods between India and ASEAN, which was implemented in 2010, and will eliminate tariffs on 80 percent of goods by December 31, 2016.

TAGS: individuals | tax | investment | business | free trade agreement (FTA) | Brunei | Burma | India | foreign direct investment (FDI) | tariffs | Laos | Philippines | Singapore | Thailand | agreements | professionals | Cambodia | Indonesia | Malaysia | trade | Vietnam | services

To see today's news, click here.

 
















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »