India, Thailand Set to Resume Talks on FTA

India and Thailand are likely to replace a limited pact signed six years ago with a full-fledged free trade agreement, reveals the Economic Times.

 

In 2004, both countries agreed to eliminate duties on 82 items, such as televisions, refrigerators, and some metals. The Times notes the agreement led to protests from the Indian industry which complained that Thailand had benefited from the Early Harvest Programmemore (EHP) more  han India.

 

Citing Thai deputy minister of commerce Alongkorn Ponlabhoot, the Times says the FTA will include services and investment, apart from a larger number of goods.