• search

FTA between India, China ruled out by Kamal Nath

Written by: Staff

New Delhi, Nov 20: Commerce Minister Kamal Nath today ruled out India's entering into a free trade agreement with China in the near future saying ''an FTA with China is not on the cards for now''.

The Minister told newspersons here that while an FTA with China was ''something worth examining'' instead the country would look at the prospect of ''a comprehensive economic agreement.'' Stating that ''investment is a two-way street'', Mr Kamal Nath said he would be meeting with his Chinese counterpart in this connection during his visit here as part of the high-level delegation accompanying President Hu Jintao.

There were several agreements which would be initialled during the visit of the Chinese delegation, he said but refused to elaborate on the nature of the agreements.

On Chinese investments in India, he said, ''We welcome Chinese investments in India, we are looking at greater Chinese investments.

There are a lot of synergies with the Chinese and we're looking at these.'' India-China trade has seen a huge growth in recent years from 1 billion US dollars four years ago to 20 billion US dollars in recent times.


Related Stories

India, China to sign Investment Protection Pact

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more