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India News > National
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South-East Asian nations will sign a free trade pact with India in December on the sidelines of a regional summit in Bangkok. Talks in Brunei removed the remaining obstacles to the pact which will liberalise trade in goods between India and the 10-member ASEAN. An official said in the Thai capital on Aug 8 that with the development in Brunei, negotiators would now be working on finalizing the text of the agreement which is targeted for signing on the sidelines of the ASEAN-India summit in December. Talks were supposed to be wrapped up last year but bogged down over differences on products which India wanted excluded from tariff cuts. New Delhi had submitted a list of 1414 products while ASEAN’s target number was 400. At their annual summit in Singapore last November, ASEAN officials said the grouping would not resume negotiations with India until it came up with a better offer. It is not clear how the issue had been resolved.
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