Monday, February 21, 2011

India-Malaysia CECA

India-Malaysia CECA
The India-Malaysia CECA is a comprehensive and ambitious agreement that envisages liberal trade in goods and services and a stable and competitive investment regime to promote foreign investment between the two countries. The goods package under the CECA takes the tariff liberalization beyond the India-ASEAN FTA commitments on items of mutual interest for both the countries. Under the agreement, India will get market access in the Malaysian market for goods including fruits such as mangoes, banana and guava, basmati rice, two wheelers and cotton garments. At the same time, protection continues to be provided for the sensitive sectors. Under the services agreement, India and Malaysia have provided commercially meaningful commitments in sectors and modes of interest to each other which should result in enhanced services trade. Sectors such as accounting and auditing, architecture, urban planning, engineering services, medical and dental, IT & ITES, Management Consulting Services etc. would get Malaysian market access.
Agreement Current Status

1. SAFTA Agreement on South Asia Free Trade Area Operational since January 2006

2. APTA Asia Pacific Trade Agreement or Bangkok
Agreement Operational since September 2006

3. CECA between The Republic of India and the
Republic of Singapore Operational since August 2005

4. India Chile PTA Operational since September 2007

6. India Afghanistan PTA Framework Agreement (FA) signed in March 2003

7. ISLFTA India Sri Lanka FTA Operational since March 2000

8. India MERCOSUR PTA Operational since June 2009

9. Bhutan-India Agreement on Trade, Commerce and
Transit Original version operational sinceJanuary 1972. Crrent version operational since July 2006.

10. Indo-Nepal Treaty of Trade Original version operational in 1992.
Current version operational since
March 2002. Renewed in March 2007

11. India-Thailand Free Trade Agreement Operational since September 2004

12. Bangladesh- India Amended Trade Agreement Operational since April 2006

13. India-Maldives Trade Agreement Operational since April 1981

14. ASEAN- India FTA Operational since 2010

15. India-South Korea Comprehensive Economic
PartnershipAgreement (CEPA)
Negotiations completed.

16. India-Japan Comprehensive Economic Cooperation
Agreement (CECA) Negotiations completed.

17. India- Sri Lanka Comprehensive Economic
Partnership Agreement (CEPA) Negotiations completed.

18. India- Thailand Comprehensive Economic Partnership
Agreement (CEPA)
Under negotiations (negotiations on
trade of goods completed)

19. India- Malaysia Comprehensive Economic
Partnership Agreement (CEPA)
Negotiations completed.

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