India-Aus FTA talks: 4th round soon

Agencies

Posted: Sunday, Oct 07, 2012 at 1751 hrs IST

The fourth round of Free Trade Agreement (FTA) negotiations between India and Australia is expected to be held in November this year, in New Delhi, a top official has said.

"We had three rounds of negotiations and would have the fourth round in November in New Delhi," Australian High Commissioner in India Peter Varghese said.

In May last year, the two countries had launched the negotiations for comprehensive market opening pact.

But the negotiations are still at an early stage and India and Australia have not yet exchanged the first list of goods and services that are to be exempted from duties and are to be liberalised.

"These three rounds had been preliminary discussions. In the fourth round, both the governments are likely to put offers on the table. That's when the serious negotiations will take place," Varghese said.

At the moment, both the countries have a list of issues they would like to see

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Source: http://financialexpress.com/news/indiaaus-fta-talks-4th-round-soon/1013274/

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