India plans to take longer to reduce duties on goods imported from Australia and New Zealand, apart from China, than from other partners under the proposed free trade agreement among 16 Asia-Pacific countries.
This is because India does not have any trade pact with these three countries, officials said. Earlier, India had considered least tariff concessions and a longer phaseout only for China so as to reduce the widening trade deficit with the country. However, that formula did not find many takers.
The Trump administration has no inherent objection to the India-US free trade agreement though there have been no serious discussions with New Delhi over the issue, US Commerce Secretary Wilbur Ross has said.
The US does not have a free trade agreement (FTA) with India and as a result India-US trade relationship is currently governed under the World Trade Organisation (WTO), Ross told reporters at a White House news conference yesterday.
India is in no hurry to complete the economic and technical cooperation agreement (ETCA) with Sri Lanka. Officially, India has said it would proceed at a pace comfortable for Colombo. But there are other, bigger reasons for India to guard its flanks while negotiating a second generation free-trade agreement (FTA) with Sri Lanka.
China has evinced interest in an FTA with Sri Lanka as well. This has given India pause, as it wants to see the details of that deal. This could include, according to sources, Chinese companies setting up manufacturing bases in Hambantota and Monaragala areas of Sri Lanka and using the IndiaLanka FTA to push Chinese goods into India. We have to be careful, said sources familiar with developments.
The Central Marine Fisheries Research Institute (CMFRI) has successfully developed the seed production technology of a food fish, a marine ornamental fish and a marine ornamental shrimp which are commercially important and high value species in the export market.
The Vizhinjam Research Centre of CMFRI developed the breeding technology of the food fish pink ear emperor, locally known as yeri, ornamental fish Marcia’s anthias and ornamental shrimp named camel shrimp.
The successful development of captive brood stock and breeding of all these species is the first of its kind in the world. CMFRI developed the technology after two years’ of continuous attempt using the Recirculating Aquaculture System (RAS) set up at the institute.
A scientific team led by M K Anil, scientist-in-charge of Vizhinjam Research Centre developed the breeding technology which is expected to boost the mariculture industry and seafood export as well.