Tue, Sep 11, 2012 - Page 13 News List

India trade pact efforts progressing

Staff writer, with CNA

A joint feasibility study on a proposed economic cooperation agreement between Taiwan and India is expected to be completed soon, a visiting Indian trade official said yesterday.

Saurabh Chandra, secretary of India’s Department of Industrial Policy and Promotion, said the study is ongoing and that the results should be ready “in the next couple of months.”

“After that, the decision will be taken, and I will take it forward,” said Chandra, who is also in charge of policy matters related to external trade at India’s Department of Commerce.

Chandra made the remarks on the sidelines of a forum in Taipei to explore bilateral business opportunities.

According to the Ministry of Economic Affairs, bilateral trade grew 17 percent annually to US$7.56 billion last year, the highest since the two sides set up representative offices in each other’s countries in 1995.

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