1. Trade liberalisation: Commerce min prefers multilateral pacts

Trade liberalisation: Commerce min prefers multilateral pacts

Many of the extant free trade agreements have been skewed in favour of the partner countries

By: | Chennai | Published: September 5, 2015 2:30 AM

Even as it is negotiating several new bilateral trade and investment agreements, including the much-touted India-EU pact, the Union commerce ministry said it would give preference to trade liberalisation via multilateral arrangements.

Speaking to reporters after addressing Federation of Indian Export Organisation (FIEO) members in Chennai on Friday, Rita Teaotia, Union commerce secretary said while FTAs/CEPAs (comprehensive economic partnership agreements) and multilateral accords will run in parallel, she was of the view that multilateral arrangements were better suited to help the exporters to get the much-needed level playing field, while competing with their counterparts globally.

“While we would pursue the ongoing FTA moves, we would like to give preference to multilateral sort of arrangements, some thing like the World Trade Organisation (WTO) forum,” she said. India already has eleven bilateral trade pacts — including those with Japan, Korea, ASEAN, Singapore and Sri Lanka and is in talks for such pacts with Australia, New Zealand, Canada, Gulf Cooperation Council among others. The commerce secretary’s statement assumes significance as many of the extant FTAs have been skewed in favour of the partner-countries. The services component of ASEAN and Singapore agreements, for instance, have taken much time to materialise after the tariffs have been cut on goods, much to the benefit of the respective countries than India.

“And once there is a market of our choice, then we will do one-on- one. See, we don’ t have many FTAs, we have only 11. Even though the FTAs with Japan and Korea were well negotiated, when faced with trouble many exporters accuse that these FTAs were not good enough to protect their interests,” she said.

Besides bilateral accords, India is also exploring the option of regional trade agreements including an Asia-Pacific agreement that comprises China.

The commerce secretary said that at a time when India’s exports were down, the Centre is taking various measures to help the exporters. The ministry is holding talks with various stakeholders, including exporters, state administration and others to boost the exports. Some of the major issues raised by the stakeholders includes infrastructure bottlenecks including high transaction cost, port and airport access, traffic management, integration of software with various agencies and specific concern like interest subvention.

On the Chinese Yuan’s effect and what her ministry has been doing to help exporters, the commerce secretary said there was no universal blanket measure to arrest the impact any currency fall.

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  1. David Smith
    Sep 6, 2015 at 1:09 am
    Are BRICS, et al, Treaties about ‘Trade’, or, Giving more ‘SECRET, Undemocratic Powers’ to their Corporate Partners who are Unaligned with U.S.’s & its Corporate ocs.? Corporate Canada’s TPP, CETA, TTIP, ELECTION; Canada 2015; Conservatives, NDP, Liberals, Support Corporate Canada’s Punishing the harmless voters, both Native & non Native (& the other citizens of TPP) by way of SECRET TPP, et al, Tribunals’ Punitive Penalties, Fines, Costs & Awards. GREENs Against TPP & other Global Corporate Treaties/’Arrangements’ & Clauses Giving Power to Global Corporate Economy to Make Secret Changes and Any & All Discretionary $elf-Improvement$ without Notification, Discussion & Approval and at Any Time; ie. ’Oh, & by the Way…’ clauses. TRUE: X , or, False: ___. Corporate Canada’s Traditional, BIG 3 Parties, NDP, LIBs, CONs, Desperate for Suding Global Corporate Treaties/’Arrangements’ to Wipe Out Native Canadian, et al, ‘Gains; Only GREEN Party Standing Up Against Global Corporate Economy’s Insider Trading & SECRET ‘Death-Star-Chamber’ ISDS Tribunals, et al? Can the Voters make the DISTINCTION between; the bullying politicians, both; Native & non Native, who need to continue to Deprive their members of the Information (eg. The WAD Accord’s Compensation)& to Punish those who have been Deprived of the Info and those who need to Share the Info in order to protect the Human Rights of Unborn Native Canadians, et al? Corporate Canada’s Big 3 Parties do NOT want YOU to make the DISTINCTION. Corporate ‘U.S.’ is desperate to Legitimize & Globalize (TPP/TTIP/CETA) ‘Full Invasion’; HSBC’s money laundering, Enron’s insider trading, Chase Bank’s fraud, etc. after its 2008 ‘Tactical Probe’ into Deregulation & Buying Short on Designer Meltdown leads to Global Recession, but, Non-Guilty. Corporate Canada & its Traditional Big 3 Political Parties are Anxious to increase its play time under the ‘skirts’ of Corporate U.S. in the International Economic Glitter Game. The Traditional Big 3 Parties vs. GREENs & Quebec;ANTI-Globalists (GREENs) PROHIBITED from Debating TPP, et al, in Corporate Canada’s Election ‘Debates’. For 'NO' to Global Treaties/”Arrangements’ just VOTE for the GREEN Party’ Canada’s Big 3 Traditional Parties tell Voters. How long have Global Corporate ociates been ‘Ping’ Legislation in Antition of Suing Once Ratified? ‘Trickle’ Up & Out Economics. After New Zealand’s PM admitted that medicines will cost more due to the TPP, have the citizens of New Zealand & TPP, noticed PM Harper cuts funding for Canadian health care by $36 million & unchallenged by other parties, exacerbation leading to privatizing health care, etc. to pay TPP penalties to Global Corporate ocs. TPP nations, et al, need ‘good corporate citizens’ that respect our legislation & need to ‘out’ bad corporate voters via shareholder meetings; ‘persona non grata’? Americans, anese, et al, look forward to working with Savvy Slave Trading Malaysians & Slick Cultural ‘Genociding’ Canadians. ‘But, we didn’t know’. Traditional Canadian Parties Demanding Supplicance to Corporate Canada & its Global Corporate ocs. is an unholy sin? Will Pope Francis & other leaders Intercede with prayer against PM Harper, Corporate Canada, The Canadian Establishment, et al, for Continuing to Blame & Punish those who are continuing to be Deprived of the Due Diligence Info and Continuing its Cultural Genocide. ‘What the TREATY of VERSAILLES was to the 20th century PALES in COMPARISON to the TPP, CETA, C-CIT, NAFTA, et al, in the 21st’. by David E.H. Smith, ‘Qui tam…’ *** FULL Article, seedavidehsmith.wordpress *** Please consider sharing the enclosed information & questions with 10 friends who will share it with 10 others...
    Reply
    1. David Smith
      Sep 6, 2015 at 1:11 am
      Are BRICS, et al, Treaties about ‘Trade’, or, Giving more ‘SECRET, Undemocratic Powers’ to their Corporate Partners who are Unaligned with U.S.’s & its Corporate ocs.? Corporate Canada’s TPP, CETA, TTIP, ELECTION; Canada 2015; Conservatives, NDP, Liberals, Support Corporate Canada’s Punishing the harmless voters, both Native & non Native (& the other citizens of TPP) by way of SECRET TPP, et al, Tribunals’ Punitive Penalties, Fines, Costs & Awards. GREENs Against TPP & other Global Corporate Treaties/’Arrangements’ & Clauses Giving Power to Global Corporate Economy to Make Secret Changes and Any & All Discretionary $elf-Improvement$ without Notification, Discussion & Approval and at Any Time; ie. ’Oh, & by the Way…’ clauses. TRUE: X , or, False: ___. Corporate Canada’s Traditional, BIG 3 Parties, NDP, LIBs, CONs, Desperate for Suding Global Corporate Treaties/’Arrangements’ to Wipe Out Native Canadian, et al, ‘Gains; Only GREEN Party Standing Up Against Global Corporate Economy’s Insider Trading & SECRET ‘Death-Star-Chamber’ ISDS Tribunals, et al? Can the Voters make the DISTINCTION between; the bullying politicians, both; Native & non Native, who need to continue to Deprive their members of the Information (eg. The WAD Accord’s Compensation)& to Punish those who have been Deprived of the Info and those who need to Share the Info in order to protect the Human Rights of Unborn Native Canadians, et al? Corporate Canada’s Big 3 Parties do NOT want YOU to make the DISTINCTION. Corporate ‘U.S.’ is desperate to Legitimize & Globalize (TPP/TTIP/CETA) ‘Full Invasion’; HSBC’s money laundering, Enron’s insider trading, Chase Bank’s fraud, etc. after its 2008 ‘Tactical Probe’ into Deregulation & Buying Short on Designer Meltdown leads to Global Recession, but, Non-Guilty. Corporate Canada & its Traditional Big 3 Political Parties are Anxious to increase its play time under the ‘skirts’ of Corporate U.S. in the International Economic Glitter Game. The Traditional Big 3 Parties vs. GREENs & Quebec; ANTI-Globalists (GREENs) PROHIBITED from Debating TPP, et al, in Corporate Canada’s Election ‘Debates’. For 'NO' to Global Treaties/”Arrangements’ just VOTE for the GREEN Party’ Canada’s Big 3 Traditional Parties tell Voters. How long have Global Corporate ociates been ‘Ping’ Legislation in Antition of Suing Once Ratified? ‘Trickle’ Up & Out Economics. After New Zealand’s PM admitted that medicines will cost more due to the TPP, have the citizens of New Zealand & TPP, noticed PM Harper cuts funding for Canadian health care by $36 million & unchallenged by other parties, exacerbation leading to privatizing health care, etc. to pay TPP penalties to Global Corporate ocs. TPP nations, et al, need ‘good corporate citizens’ that respect our legislation & need to ‘out’ bad corporate voters via shareholder meetings; ‘persona non grata’? Americans, anese, et al, look forward to working with Savvy Slave Trading Malaysians & Slick Cultural ‘Genociding’ Canadians. ‘But, we didn’t know’. Traditional Canadian Parties Demanding Supplicance to Corporate Canada & its Global Corporate ocs. is an unholy sin? Will Pope Francis & other leaders Intercede with prayer against PM Harper, Corporate Canada, The Canadian Establishment, et al, for Continuing to Blame & Punish those who are continuing to be Deprived of the Due Diligence Info and Continuing its Cultural Genocide. ‘What the TREATY of VERSAILLES was to the 20th century PALES in COMPARISON to the TPP, CETA, C-CIT, NAFTA, et al, in the 21st’. by David E.H. Smith, ‘Qui tam…’ *** FULL Article, see; davidehsmith.wordpress *** Please consider sharing the enclosed information & questions with 10 friends who will share it with 10 others...
      Reply
      1. David Smith
        Sep 6, 2015 at 1:19 am
        Are BRICS, et al, Treaties about ‘Trade’, or, Giving more ‘SECRET, Undemocratic Powers’ to their Corporate Partners who are Unaligned with U.S.’s & its Corporate ocs.? Corporate Canada’s TPP, CETA, TTIP, ELECTION; Canada 2015; Conservatives, NDP, Liberals, Support Corporate Canada’s Punishing the harmless voters, both Native & non Native (& the other citizens of TPP) by way of SECRET TPP, et al, Tribunals’ Punitive Penalties, Fines, Costs & Awards. GREENs Against TPP & other Global Corporate Treaties/’Arrangements’ & Clauses Giving Power to Global Corporate Economy to Make Secret Changes and Any & All Discretionary $elf-Improvement$ without Notification, Discussion & Approval and at Any Time; ie. ’Oh, & by the Way…’ clauses. TRUE: X , or, False: ___. Corporate Canada’s Traditional, BIG 3 Parties, NDP, LIBs, CONs, Desperate for Suding Global Corporate Treaties/’Arrangements’ to Wipe Out Native Canadian, et al, ‘Gains; Only GREEN Party Standing Up Against Global Corporate Economy’s Insider Trading & SECRET ‘Death-Star-Chamber’ ISDS Tribunals, et al? Can the Voters make the DISTINCTION between; the bullying politicians, both; Native & non Native, who need to continue to Deprive their members of the Information (eg. The WAD Accord’s Compensation)& to Punish those who have been Deprived of the Info and those who need to Share the Info in order to protect the Human Rights of Unborn Native Canadians, et al? Corporate Canada’s Big 3 Parties do NOT want YOU to make the DISTINCTION. Corporate ‘U.S.’ is desperate to Legitimize & Globalize (TPP/TTIP/CETA) ‘Full Invasion’; HSBC’s money laundering, Enron’s insider trading, Chase Bank’s fraud, etc. after its 2008 ‘Tactical Probe’ into Deregulation & Buying Short on Designer Meltdown leads to Global Recession, but, Non-Guilty. Corporate Canada & its Traditional Big 3 Political Parties are Anxious to increase its play time under the ‘skirts’ of Corporate U.S. in the International Economic Glitter Game. The Traditional Big 3 Parties vs. GREENs & Quebec; ANTI-Globalists (GREENs) PROHIBITED from Debating TPP, et al, in Corporate Canada’s Election ‘Debates’. For 'NO' to Global Treaties/”Arrangements’ just VOTE for the GREEN Party’ Canada’s Big 3 Traditional Parties tell Voters. How long have Global Corporate ociates been ‘Ping’ Legislation in Antition of Suing Once Ratified? ‘Trickle’ Up & Out Economics. After New Zealand’s PM admitted that medicines will cost more due to the TPP, have the citizens of New Zealand & TPP, noticed PM Harper cuts funding for Canadian health care by $36 million & unchallenged by other parties, exacerbation leading to privatizing health care, etc. to pay TPP penalties to Global Corporate ocs. TPP nations, et al, need ‘good corporate citizens’ that respect our legislation & need to ‘out’ bad corporate voters via shareholder meetings; ‘persona non grata’? Americans, anese, et al, look forward to working with Savvy Slave Trading Malaysians & Slick Cultural ‘Genociding’ Canadians. ‘But, we didn’t know’. Traditional Canadian Parties Demanding Supplicance to Corporate Canada & its Global Corporate ocs. is an unholy sin? Will Pope Francis & other leaders Intercede with prayer against PM Harper, Corporate Canada, The Canadian Establishment, et al, for Continuing to Blame & Punish those who are continuing to be Deprived of the Due Diligence Info and Continuing its Cultural Genocide. ‘What the TREATY of VERSAILLES was to the 20th century PALES in COMPARISON to the TPP, CETA, C-CIT, NAFTA, et al, in the 21st’. by David E.H. Smith, ‘Qui tam…’ *** FULL Article, see; davidehsmith.wordpress *** Please consider sharing the enclosed information & questions with 10 friends who will share it with 10 others...
        Reply
        1. David Smith
          Sep 6, 2015 at 1:20 am
          Are BRICS, et al, Treaties about ‘Trade’, or, Giving more ‘SECRET, Undemocratic Powers’ to their Corporate Partners who are Unaligned with U.S.’s & its Corporate ocs.? Corporate Canada’s TPP, CETA, TTIP, ELECTION; Canada 2015; Conservatives, NDP, Liberals, Support Corporate Canada’s Punishing the harmless voters, both Native & non Native (& the other citizens of TPP) by way of SECRET TPP, et al, Tribunals’ Punitive Penalties, Fines, Costs & Awards. GREENs Against TPP & other Global Corporate Treaties/’Arrangements’ & Clauses Giving Power to Global Corporate Economy to Make Secret Changes and Any & All Discretionary $elf-Improvement$ without Notification, Discussion & Approval and at Any Time; ie. ’Oh, & by the Way…’ clauses. TRUE: X , or, False: ___. Corporate Canada’s Traditional, BIG 3 Parties, NDP, LIBs, CONs, Desperate for Suding Global Corporate Treaties/’Arrangements’ to Wipe Out Native Canadian, et al, ‘Gains; Only GREEN Party Standing Up Against Global Corporate Economy’s Insider Trading & SECRET ‘Death-Star-Chamber’ ISDS Tribunals, et al? Can the Voters make the DISTINCTION between; the bullying politicians, both; Native & non Native, who need to continue to Deprive their members of the Information (eg. The WAD Accord’s Compensation)& to Punish those who have been Deprived of the Info and those who need to Share the Info in order to protect the Human Rights of Unborn Native Canadians, et al? Corporate Canada’s Big 3 Parties do NOT want YOU to make the DISTINCTION. Corporate ‘U.S.’ is desperate to Legitimize & Globalize (TPP/TTIP/CETA) ‘Full Invasion’; HSBC’s money laundering, Enron’s insider trading, Chase Bank’s fraud, etc. after its 2008 ‘Tactical Probe’ into Deregulation & Buying Short on Designer Meltdown leads to Global Recession, but, Non-Guilty. Corporate Canada & its Traditional Big 3 Political Parties are Anxious to increase its play time under the ‘skirts’ of Corporate U.S. in the International Economic Glitter Game. The Traditional Big 3 Parties vs. GREENs & Quebec; ANTI-Globalists (GREENs) PROHIBITED from Debating TPP, et al, in Corporate Canada’s Election ‘Debates’. For 'NO' to Global Treaties/”Arrangements’ just VOTE for the GREEN Party’ Canada’s Big 3 Traditional Parties tell Voters. How long have Global Corporate ociates been ‘Ping’ Legislation in Antition of Suing Once Ratified? ‘Trickle’ Up & Out Economics. After New Zealand’s PM admitted that medicines will cost more due to the TPP, have the citizens of New Zealand & TPP, noticed PM Harper cuts funding for Canadian health care by $36 million & unchallenged by other parties, exacerbation leading to privatizing health care, etc. to pay TPP penalties to Global Corporate ocs. TPP nations, et al, need ‘good corporate citizens’ that respect our legislation & need to ‘out’ bad corporate voters via shareholder meetings; ‘persona non grata’? Americans, anese, et al, look forward to working with Savvy Slave Trading Malaysians & Slick Cultural ‘Genociding’ Canadians. ‘But, we didn’t know’. Traditional Canadian Parties Demanding Supplicance to Corporate Canada & its Global Corporate ocs. is an unholy sin? Will Pope Francis & other leaders Intercede with prayer against PM Harper, Corporate Canada, The Canadian Establishment, et al, for Continuing to Blame & Punish those who are continuing to be Deprived of the Due Diligence Info and Continuing its Cultural Genocide. ‘What the TREATY of VERSAILLES was to the 20th century PALES in COMPARISON to the TPP, CETA, C-CIT, NAFTA, et al, in the 21st’. by David E.H. Smith, ‘Qui tam…’ *** FULL Article, see; davidehsmith.wordpress *** Please consider sharing the enclosed information & questions with 10 friends who will share it with 10 others...
          Reply
          1. David Smith
            Sep 6, 2015 at 1:20 am
            Are BRICS, et al, Treaties about ‘Trade’, or, Giving more ‘SECRET, Undemocratic Powers’ to their Corporate Partners who are Unaligned with U.S.’s & its Corporate ocs.? Corporate Canada’s TPP, CETA, TTIP, ELECTION; Canada 2015; Conservatives, NDP, Liberals, Support Corporate Canada’s Punishing the harmless voters, both Native & non Native (& the other citizens of TPP) by way of SECRET TPP, et al, Tribunals’ Punitive Penalties, Fines, Costs & Awards. GREENs Against TPP & other Global Corporate Treaties/’Arrangements’ & Clauses Giving Power to Global Corporate Economy to Make Secret Changes and Any & All Discretionary $elf-Improvement$ without Notification, Discussion & Approval and at Any Time; ie. ’Oh, & by the Way…’ clauses. TRUE: X , or, False: ___. Corporate Canada’s Traditional, BIG 3 Parties, NDP, LIBs, CONs, Desperate for Suding Global Corporate Treaties/’Arrangements’ to Wipe Out Native Canadian, et al, ‘Gains; Only GREEN Party Standing Up Against Global Corporate Economy’s Insider Trading & SECRET ‘Death-Star-Chamber’ ISDS Tribunals, et al? Can the Voters make the DISTINCTION between; the bullying politicians, both; Native & non Native, who need to continue to Deprive their members of the Information (eg. The WAD Accord’s Compensation)& to Punish those who have been Deprived of the Info and those who need to Share the Info in order to protect the Human Rights of Unborn Native Canadians, et al? Corporate Canada’s Big 3 Parties do NOT want YOU to make the DISTINCTION. Corporate ‘U.S.’ is desperate to Legitimize & Globalize (TPP/TTIP/CETA) ‘Full Invasion’; HSBC’s money laundering, Enron’s insider trading, Chase Bank’s fraud, etc. after its 2008 ‘Tactical Probe’ into Deregulation & Buying Short on Designer Meltdown leads to Global Recession, but, Non-Guilty. Corporate Canada & its Traditional Big 3 Political Parties are Anxious to increase its play time under the ‘skirts’ of Corporate U.S. in the International Economic Glitter Game. The Traditional Big 3 Parties vs. GREENs & Quebec; ANTI-Globalists (GREENs) PROHIBITED from Debating TPP, et al, in Corporate Canada’s Election ‘Debates’. For 'NO' to Global Treaties/”Arrangements’ just VOTE for the GREEN Party’ Canada’s Big 3 Traditional Parties tell Voters. How long have Global Corporate ociates been ‘Ping’ Legislation in Antition of Suing Once Ratified? ‘Trickle’ Up & Out Economics. After New Zealand’s PM admitted that medicines will cost more due to the TPP, have the citizens of New Zealand & TPP, noticed PM Harper cuts funding for Canadian health care by $36 million & unchallenged by other parties, exacerbation leading to privatizing health care, etc. to pay TPP penalties to Global Corporate ocs. TPP nations, et al, need ‘good corporate citizens’ that respect our legislation & need to ‘out’ bad corporate voters via shareholder meetings; ‘persona non grata’? Americans, anese, et al, look forward to working with Savvy Slave Trading Malaysians & Slick Cultural ‘Genociding’ Canadians. ‘But, we didn’t know’. Traditional Canadian Parties Demanding Supplicance to Corporate Canada & its Global Corporate ocs. is an unholy sin? Will Pope Francis & other leaders Intercede with prayer against PM Harper, Corporate Canada, The Canadian Establishment, et al, for Continuing to Blame & Punish those who are continuing to be Deprived of the Due Diligence Info and Continuing its Cultural Genocide. ‘What the TREATY of VERSAILLES was to the 20th century PALES in COMPARISON to the TPP, CETA, C-CIT, NAFTA, et al, in the 21st’. by David E.H. Smith, ‘Qui tam…’ *** FULL Article, see; davidehsmith.wordpress *** Please consider sharing the enclosed information & questions with 10 friends who will share it with 10 others...
            Reply
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