December 22, 2010

Thailand to sign FTA with India in 2011

Thailand's deputy minister of commerce Mr.Ponlaboot said a comprehensive market opening pact with India is likely to be signed in 2011. This is expected to help increase bilateral trade which is set to cross $6.5 billion in the current fiscal.

The two countries have abolished duties on 82 items under EHS (Early Harvest Scheme) which is a precursor to FTA. Post the FTA duties on most goods will be either reduced or eliminated.