Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
Time for India, Africa to talk of trade pact: trade secretary.
Jul 21, 2022
Commerce secretary BVR Subrahmanyam on Wednesday said that the time has come for India and Africa to start talking to engage in a Comprehensive Economic Partnership or a free trade agreement (FTA).
He also said that India will sign a free trade pact with the UK by October, finish the talks for a pact with Canada by the end of the year and also have an agreement with the EU by the middle of next year.
'The African Continental FTA, which came into force last January… It's early years, a lot of it has to get operationalized. The time has come for India and Africa to also start talking (on) how can they engage in a Comprehensive Economic Partnership or a free trade agreement,' Subrahmanyam said at the Valedictory Session of the 17th Confederation of Indian Industry (CII)-EXIM Bank Conclave.
He said that India’s bilateral trade with Africa- at $90 billion- is booming and can easily touch about $150 billion in three years.
The secretary added that India is already thinking of similar FTAs with Israel and GCC.
'India would be more than happy to engage with fellow countries in Africa or even the large African Continental FTA…in terms of actually can we have a partnership there? That's going to be a win-win for both sides,' he said.
Emphasising on the need to go beyond traditional items, he said almost a quarter of India's exports are engineering products, chemicals, pharmaceuticals and a lot of industrial products.
'When I see the trade provider of Africa, a lot of it is actually raw materials,' he said, highlighting the importance of investment relationships with India.
As per Subrahmanyam, India has been giving duty free access to LDCs- which are unilateral and one sided- to about 27 countries covering about 98% of the tariff lines but six countries are not yet in it.
'And I can name them Angola, Congo, Djibouti, Mauritania, South Sudan and one or two more,' he said, adding that a letter to these countries’ missions would get that access.
He also said that India and the African continent can help each other with raw materials, technologies, manufacturing, potential investment, education, health, pharmaceuticals and become part of global value chains.
economictimes.indiatimes.com
Archive