17 December 2010 06:52 [Source: ICIS news]
By Judith Wang
The two governments, in a joint communiqué on Thursday, said they are targeting to double their annual trade to $100bn (€76bn) by 2015. China Premier Wen Jiabao is currently in India for a three-day official visit from 15-17 December.
Discussions on furthering bilateral ties between
“The study on the FTA was already done, but negotiations have yet to start as India always worry that China’s low-cost goods exports will hurt India’s economy seriously,” said Chen Lijun, research head on south Asia at the Yunnan Academy of Social Sciences.
The primary purpose of Wen’s visit to
“I don’t think the final FTA could be achieved due to all kinds of concerns [raised by]
On the first day of the official state visit to
But having an FTA would be good for both
“FTA will definitely boost the bilateral trade in the long run,” said Qiu Xiaofeng, an analyst from China Merchants Securities in
But the impact of such a deal on the petrochemical sectors of each country could not be ascertained at this point, analysts said.
($1 = €0.76)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|