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Rediff.com  » Business » India to sign FTA with Asean

India to sign FTA with Asean

Last updated on: July 23, 2009 
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India is close to signing a free trade pact with the South-East Asian nations to boost exports in the face of a global economic downturn and rising protectionism, a top official said on Wednesday.

A slump in demand for Indian goods overseas slashed the country's exports by 16 per cent in January, the fourth straight fall.

Trade officials fear contraction in the full March quarter.

Source: ANI