Comments
Indian industry continues to be focussed on the US and the EU, failing to exploit the opportunities to the East, according to Ashit Tripathy, Joint Secretary, Ministry of Commerce and Industry. Addressing a meeting organised by the Confederation of Indian Industry, he said exports to the South-East Asian countries and Japan continue to be dominated by commodities and intermediate products while imports from there are value added products. It is obvious the traders are exploiting the opportunity but not the industry, he said.
Industry often complains about the free trade agreements and regional trade agreements with South-East Asia but the fact is India has a clear advantage.
“Korea and Japan have opened up more than we have,” he said. With the Asean free trade agreement in the offing, industry should interact more with the Commerce Ministry to represent its concerns. This will help India negotiate better, he said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.