ASEAN sensitive list to be pruned to 350 products
Indian industry has to make efforts to stand against other countries when it comes to FTAs, said P K Dash, joint secretary, Ministry of Commerce and Industry, Government of India.
The India-Asean Round Table organized by the Confederation of Indian Industry (CII) on 17 April mentioned that it is next to impossible to expect all the sectors gaining out of FTAs. The foremost objective is the maximization of the national welfare.
Dash also suggested that the sensitive list of products has to be cut down to 350 from the present 550. This gap can be filled by the textiles, chemicals and auto sectors. By 2018, the 200 items have to be displaced from the sensitive list and the remaining 16 products in the agriculture list will continue to be on the negative list.
The government fully considers the sensitivities of the domestic industry. Even there are differences between over the Rules of Origin as unlike ASEAN, India insisted for the standard criteria followed by it in FTAs.
About 10% of India’s exports land up in the ASEAN markets and our imports are considerable. In this view we cannot probably ignore FTA with the ASEAN, he said.Â
July 6th, 2008 at 8:38 pm
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