<p>India has initiated dialogues with ASEAN to review the Free Trade Agreement (FTA), Commerce Minister Piyush Goyal informed Rajya Sabha on Friday.</p>.<p>Replying questions during Question Hour in Upper House, the Minister said though India signed FTA with ASEAN around 10-year ago and opened its market to other countries, it did not got much benefited out of it. </p>.<p>"We have opened up our markets for many other countries to the detriment of India's interest and Indian coffee growers interest," he said.</p>.<p>The government already initiated dialogue with ASEAN countries and it has also agreed to review the FTA, he said.</p>.<p>The proposed review of the FTA include implementation issues, rules of origin, verification process and release of consignments; customs procedures; to take into account other negotiations on further liberalization of trade in goods; and sharing and exchange of trade data, the Minister said in a written reply.</p>.<p>ASEAN (Association of South East Asia Nations), is a block of 10 countries, Myanmar, Malaysia, Vietnam, Indonesia, Thailand, Singapore, Philippines, Cambodia, Laos and Brunei. </p>.<p>India signed final FTA agreement with ASEAN on August 13, 2009 and it came into affect on January 1, 2010.</p>.<p>To another question, the Minister said that the Coffee Board working on to create an India brand of coffee rather than focusing on different companies having their own brands.</p>.<p>“They are working towards creating a brand equity of Indian coffee and then within that there would be subset of the various brands that are already available,” he said.</p>
<p>India has initiated dialogues with ASEAN to review the Free Trade Agreement (FTA), Commerce Minister Piyush Goyal informed Rajya Sabha on Friday.</p>.<p>Replying questions during Question Hour in Upper House, the Minister said though India signed FTA with ASEAN around 10-year ago and opened its market to other countries, it did not got much benefited out of it. </p>.<p>"We have opened up our markets for many other countries to the detriment of India's interest and Indian coffee growers interest," he said.</p>.<p>The government already initiated dialogue with ASEAN countries and it has also agreed to review the FTA, he said.</p>.<p>The proposed review of the FTA include implementation issues, rules of origin, verification process and release of consignments; customs procedures; to take into account other negotiations on further liberalization of trade in goods; and sharing and exchange of trade data, the Minister said in a written reply.</p>.<p>ASEAN (Association of South East Asia Nations), is a block of 10 countries, Myanmar, Malaysia, Vietnam, Indonesia, Thailand, Singapore, Philippines, Cambodia, Laos and Brunei. </p>.<p>India signed final FTA agreement with ASEAN on August 13, 2009 and it came into affect on January 1, 2010.</p>.<p>To another question, the Minister said that the Coffee Board working on to create an India brand of coffee rather than focusing on different companies having their own brands.</p>.<p>“They are working towards creating a brand equity of Indian coffee and then within that there would be subset of the various brands that are already available,” he said.</p>
