India signs trade agreement with ASEAN 10/09/2014

India signs trade agreement with ASEAN
10/09/2014 11:11
India has formally signed the trade in services & trade in investments agreement with ASEAN, according to an official statement released by Ministry of Commerce & Industry. “The services agreement will open up opportunities of movement of both manpower and investments from either side between India and ASEAN. Nine out of ten ASEAN countries have signed the same,” The official statement highlighted. India-ASEAN Agreement on trade in goods was signed in 2009 and became effective from 2010. The trade agreement has boosted the total trade between India and ASEAN substantially in the past four years. The agreement with the ASEAN contains all features of a modern and comprehensive agreement on services and is in line with the other bilateral agreements that India has signed so far.