|
A day ahead of the India-Asean Summit in Thailand,
industry body FICCI has asked the 10-member bloc to
liberalise services sector for a balanced outcome of
a trading pact for breaking duty barriers between New
Delhi and the regional body. FICCI said under the agreement,
dubbed as comprehensive economic cooperation agreement,
India may source many products from Asean as there is
a convergence between New Delhi`s top 30 imports and
the block`s top 30 exports. On the other hand, top products
imported by Asean are not exported by India. "Even
though negotiations on services are at initial stages,
ambitious offers by Asean are necessary for ensuring
a balanced outcome of the CECA...as it would enable
Indian services sector and professionals to leverage
their competitive advantage, "FICCI president Harsh
Pati Singhania said.
 
|