Agreement on Mutual Trade
India is presently engaged in negotiations for a broad based Trade and Investment Agreement (TIA) only with the European Union (EU) among the western countries. The negotiations commenced on 28.6.2007 and both sides have so far discussed textual proposals. Trade and investment agreements are aimed at promoting bilateral trade by removing barriers to trade in goods and services and allowing market access through investment.
This information was given by Dr. Ashwani Kumar, Minister of State for Industry, in a written reply in the Lok Sabha today.
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RJ/MRS
(Release ID :33719)