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Article: 'IMPORTS UNDER FTA SHOULD NOT HURT DOMESTIC INDUSTRY, BUT SHOULD BE WIN-WIN FOR BOTH SIDES'
- Article from:
- The Hindustan Times
- Article date:
- July 6, 2006
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Report from the India Press Release brought to you by the Hindustan Times
NEW DELHI, India, July 6 -- The Government of India's Ministry of Commerce and Industry issued the following press release: Shri Kamal Nath, Union Minister of Commerce and Industry, has said that imports under the bilateral Free Trade Agreement (FTA) should not adversely affect the domestic industry.
Rather, such an engagement should be a win-win situation bringing economic benefits to both sides. The Minister said this in the context of vanaspati imports under the Indo-Sri Lanka FTA, when the issue was raised by Mr. Jayaraj Fernandopulle, Minister for Trade, Commerce, Consumer Affairs and Highways, who called on ...