FREE TRADE AGREEMENT
WITH ASEAN
India and the 10-member Association of South East Asian Nations (ASEAN) have clinched a Free Trade Agreement that will take effect on January 1, 2010. They have been a great deal of give and take and compromises in the format of the agreement, but negotiations on services and investments are still on. In India, much of the opposition comes from kerala.
The Communist party of India (Marxist) said the free Trade Agreement with the ASEAN, signed by commerce Minister Sharma in Thailand on Thursday, and reflected the misplaced priorities of the congress-led government at a time of global recession and worsening agrarian situation. The FTA was signed with out any discussion in parliament about its possible impact
The gradual elimination of tariff, from January next year, on 80 percent of the goods traded between India and the ASEAN countries would be harmful for domestic industries, agriculture and fisheries, which have already been affected by the economic slow down. This would have already been affected by the economic slow down. This would have an adverse impact on the economics of the states, particularly kerala’s.
The CPI (M) called on the government to act immediately and take measures to protect the interests of those who will be affected by this agreement. It also demanded a white paper explaining the impact of this agreement on India and wanted the issue to be discussed in parliament
Chief minister has said that India’s recent free trade agreement with the Association of south East Asian Nations (ASEAN) allowing duty-free import of agriculture and marine products, among other goods, from 2010, will push kerala’s agriculture sector back to its old crisis ridden days. At least 50 lakh above poverty line (APL) ration card holders in the state would be negated from the public distribution system if the proposed national- level food security law would also halve the number of below poverty line (BPL) card holders in the state.
Prof John Kurakar
WITH ASEAN
India and the 10-member Association of South East Asian Nations (ASEAN) have clinched a Free Trade Agreement that will take effect on January 1, 2010. They have been a great deal of give and take and compromises in the format of the agreement, but negotiations on services and investments are still on. In India, much of the opposition comes from kerala.
The Communist party of India (Marxist) said the free Trade Agreement with the ASEAN, signed by commerce Minister Sharma in Thailand on Thursday, and reflected the misplaced priorities of the congress-led government at a time of global recession and worsening agrarian situation. The FTA was signed with out any discussion in parliament about its possible impact
The gradual elimination of tariff, from January next year, on 80 percent of the goods traded between India and the ASEAN countries would be harmful for domestic industries, agriculture and fisheries, which have already been affected by the economic slow down. This would have already been affected by the economic slow down. This would have an adverse impact on the economics of the states, particularly kerala’s.
The CPI (M) called on the government to act immediately and take measures to protect the interests of those who will be affected by this agreement. It also demanded a white paper explaining the impact of this agreement on India and wanted the issue to be discussed in parliament
Chief minister has said that India’s recent free trade agreement with the Association of south East Asian Nations (ASEAN) allowing duty-free import of agriculture and marine products, among other goods, from 2010, will push kerala’s agriculture sector back to its old crisis ridden days. At least 50 lakh above poverty line (APL) ration card holders in the state would be negated from the public distribution system if the proposed national- level food security law would also halve the number of below poverty line (BPL) card holders in the state.
Prof John Kurakar
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