India clinches Asean FTA

It just like dream comes true for the Indian consumers of having duty free import goods from other countries. Indian has concluded negotiations with Association of Southeast Asian Nations (Asean) over the much awaited Free Trade pact. Consistent efforts have been given to have free trade agreement with the ten member Asean countries. However, the process has been finalized, and the officially the pact will be singed at the India-Asean summit, is scheduled to be held in December in Singapore this year. The Indian Prime Minister Manmohan Singh is expected to attend the summit. It is expected that the trade pact would add $12 billion by 2010 between participating nations.