Peru-India study group for FTA likely to form in June-July

Tags: Economy
A joint study group for Free Trade Agreement between Peru and India is likely to be formed in June-July after the new government takes charge in May, Peruvian ambassador in India Javier Paulinich said.

"A joint study group will be formed after the new government takes charge. The group likely to be formed by June-July," Ambassador of Peru to India said on the sidelines of an interactive session with the Indian Chamber of Commerce.

The joint study group is the first step to begin negotiations for FTA.

Peru has signed 40-odd FTAs across the world including China and the European Union.

Paulinich said with an FTA in place bilateral trade will jump sharply from the current $1.5 billion.

He said Peru began exporting gold to India two years ago and that there are 4-5 gold mines which are keen to offer joint entrepreneurship opportunities to India.

"Currently, direct gold export to India is $250 million and we think with restrictions being relaxed there will be more export," he said.

EDITORIAL OF THE DAY

  • Mergers apart, Sebi must also allow fund houses to offer diverse products

    The Securities and Exchange Board of India’s (Sebi’s) reported push for merger of open-ended mutual fund schemes is a logical step, as there is li

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Rajgopal Nidamboor

Creativity is that divine luminosity

Creativity or ingenuity, isn’t a licence limited to ‘functioning’ minds ...

Dharmendra Khandal

No one's getting rich overnight by poaching

We often read in newspapers that tiger skin worth Rs ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture