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India, Indonesia Set To Launch Talks For Free Trade Agreement

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Following India-ASEAN Free Trade Agreement, India and Indonesia are set to begin talks for initiating trade in goods and services, reported the media.

A Joint Study Group (JSG) that was set to explore the feasibility of a Comprehensive Economic Cooperation Agreement (CECA), recommended full fledged talks to negotiate a deal that could result in raising two-way merchandise trade to $20 billion by 2020.

According to a report on the feasibility of the agreement, the JSG finding suggested that there exists a strong case for concluding a CECA between the two countries as a step towards an FTA in trade of goods and services, investments and other areas of economic cooperation.

(Market News Provided by RTTNews)

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