Home / Knowledge / News / Textiles / Kamal Nath attends AEM at Cebu

Kamal Nath attends AEM at Cebu

13
Jan '07
Shri Kamal Nath, Commerce & Industry Minister, participated in Asean Economic Ministers(AEM)-India Consultation Meeting held at Cebu (Philippines) yesterday.

Trade Ministers of Malaysia, Philippines, Cambodia, Brunei, Lao, Indonesia, Myanmar, Singapore, Thailand and Vietnam took stock of the current status of negotiations under India-ASEAN-FTA and discussed broad principles pertaining to modalities for tariff elimination and tariff reduction.

Shri Kamal Nath mentioned that India had already offered proposal for tariff concessions which provided satisfactory market access to ASEAN countries.

Shri Nath called upon ASEAN member countries to provide reciprocal market access for India's exports. He also expressed concern about ASEAN's Sensitive Lists and urged ASEAN to review and reduce it.

ASEAN agreed to India's proposal for maintaining a Negative List of 490 items with trade coverage not exceeding 5% by both sides.

During the meeting, there was a broad consensus among the Ministers that ASEAN-India FTA needs to be concluded early not merely for reasons of bilateral trade but also for larger strategic reasons.

It was agreed that negotiators would meet and resolve the remaining outstanding issues preferably by July 2007.

Press Information Bureau


Must ReadView All

Pic: UNCTAD

E-commerce | On 19th Sep 2021

Switzerland commits $4.4 mn for UNCTAD’s e-com, digital economy work

Switzerland recently announced a contribution of $4.4 million to the...

Pic: Shutterstock/humphery

Textiles | On 18th Sep 2021

China wants to join CPTPP; Japan to consult members to respond to bid

Chinese commerce minister Wang Wentao recently submitted an...

Pic: Shutterstock

Textiles | On 18th Sep 2021

Eurozone GDP recovers quicker than expected after lockdowns: EU report

The eurozone economy recovered more rapidly than considered earlier...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search