• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi , Feb. 18

THE Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the Singapore Government to have "strict" rules of origin conditions under the proposed free trade agreement (FTA) with India.

The chamber is of the view that such an arrangement is necessary to effectively minimise the risks of imports from third countries being routed to India through Singapore.

The chamber President, Mr Y.K. Modi, who called on the Singapore Trade and Industry Minister, Mr George Yong-Boon Yeo, here, highlighted that about 47 per cent of Singapore's total exports come from re-exports and that Indian business is apprehensive about the possibility of "trade diversion" to take advantage of the FTA benefits.

He also held that Singapore should provide liberal access to Indian service-providers and professionals including intra-corporate transferees, contractual service suppliers and independent professionals de-linked from commercial presence.

More Stories on : Foreign Trade

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Solar power to electrify 20,000 villages by 2007

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line