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Having wrapped up long-drawn negotiations on free trade agreement for merchandise goods with
ASEAN, India will push for greater market access for services and
investment in the 10-nation Southeast Asian trading bloc.
"The two sides are likely to start talks in September for an agreement in services and investment, and
hope to conclude negotiations by December 2009," a senior official
said.
India is looking forward to a pact with ASEAN in the services sector, which contributes about 55% to the
Indian economy. The agreement would throw open a large market for
services like banking, information technology, telecom, education and
tourism. (Source: The Hindu)
August 18, 2008
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