NEW DELHI: India and Thailand hope to conclude a far-reaching duty-free agreement by the middle of this year that will help double bilateral trade to $14 billion by 2014, Thai industry minister M R Pongsvas Svasti has said.

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NEW DELHI: India and Thailand hope to conclude a far-reaching duty-free agreement by the middle of this year that will help double bilateral trade to $14 billion by 2014, Thai industry minister M R Pongsvas Svasti has said. "Previously, we had tariff exemption for only 80 items or so. This year, we will add many more," the minister said, referring to the framework accord signed by the two countries in 2004 that called for an "early harvest" tariff-free import and export on 82 items. NEW DELHI: India and Thailand hope to conclude a far-reaching duty-free agreement by the middle of this year that will help double bilateral trade to $14 billion by 2014, Thai industry minister M R Pongsvas Svasti has said. "Previously, we had tariff exemption for only 80 items or so. This year, we will add many more," the minister said, referring to the framework accord signed by the two countries in 2004 that called for an "early harvest" tariff-free import and export on 82 items. "So, you can have many hundred items on that list that can be traded without any tariff. That makes it very easy to double two-way trade," Svasti, who is member of a high-level delegation here led by Prime Minister Yingluck Shinawatra , told IANS in an interview.

Trade accord with India by mid-year, says Thailand industry minister - Times of India