India implements FTA with Vietnam, Myanmar

India implemented the Free Trade Agreement with two more Asean countries -- Vietnam and Myanmar -- by slashing duties on hundreds of products, including seafood, chemicals, apparel and tyres.

India on Tuesday implemented the Free Trade Agreement with two more Asean countries -- Vietnam and Myanmar -- by slashing duties on hundreds of products, including seafood, chemicals, apparel and tyres.

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The agreement, signed with 10 Southeast Asian nations in August 2009, is already functional with three ASEAN members --Singapore, Thailand and Malaysia.

The notification putting the Free Trade Agreement with Vietnam and Myanmar into effect from June 1 was issued by the Central Board of Excise and Customs (CBEC).

In turn, these countries would also slash import duties on hundreds of Indian goods.