Trade liberalisation is good
This is a positive development.
Under the EHS, which comes into effect from September 1, 2004, entrepreneurs from both the countries can import and export 82 items freely subject to duties which will come down to zero in the next two years. These 82 items cover 7 per cent of the Indo-Thai trade which was $1.44 billion in 2003-04. The protocol to implement the EHS under the Framework Agreement on Free Trade Area (FTA) between the two countries was signed by commerce minister Kamal Nath and his Thai counterpart Watana Muangsook. [FE]