Cabinet approved FTA in trade and services with ASEAN

The Cabinet approved a Free Trade Agreement (FTA) in trade and services with the Association of Southeast Asian Nations (ASEAN).
Objective: To promote the movement of Indian professionals in the 10-nation ASEAN. The Agreement on Investment would protect, promote and increase foreign investment flows into the country and also removes and barriers.
Note: The Comprehensive Economic Cooperation (CECA) between India and ASEAN was signed in 2003. The Cabinet approved the Agreement on Trade Goods under the CECA with the ASEAN in July 2009.

Month: Current Affairs - December, 2013