The nation has kicked off talks with ratings agencies to lay the groundwork for a return to international debt markets
Indian commerce minister commits to total trade liberalisation by 2020
Indian Commerce Minister Nirmala Sitharaman says her country is committed to complete trade liberalisation by 2020.
Published : 29 Sept 2015, 01:02 PM
Updated : 30 Sept 2015, 07:42 AM
"We will ensure that our neighbours get to export to us on zero tariff. We are committed to hundred percent trade liberalisation by 2020," she told the South Asian Conclave in Delhi on Tuesday.
Sitharaman said Bangladesh's exports to India have increased substantially ever since India extended duty-free access to Bangladesh products.
"But we want a situation in which they can export more to us," she said.
Sitharaman said Prime Minister Narendra Modi's "Make in India" looks at actually enhancing South Asia's manufacturing by creating regional value chains.
"Countries like Bangladesh have much to gain from it because they have already developed competitiveness in certain areas like readymade garments," she said.
"We should not only trade together, but we should produce together. We should not only enhance intra-regional trade but also develop our join exports to the rest of the world," she said.
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