Cambodia Current Affairs

India inks FTA in Services, Investments With ASEAN

India inked a Free Trade Agreement (FTA) in services and investments with the Association of South East Asian Nations (ASEAN), paving the mode for a more relaxed movement of professionals and additionally opening prospects for investments between India and ASEAN.

India implemented FTA in goods with 10-member ASEAN in 2011. 9 out of 10 ASEAN nations have inked the agreement. Philippines , now the only ASEAN country yet to sign the pact, is finalizing its domestic process and is probable to sign soon.

All ASEAN members — Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam — are likely to get the contract approved by their Parliaments after which it will be formally adopted during the next India–ASEAN summit later this year.

The trade in services agreement contains all characteristics of a contemporary and all-inclusive pact and is in line with the other bilateral agreements that India has inked so far.

Few vital Articles encompassed in the agreement are ones on transparency, domestic regulations, recognition, market access, national treatment, increasing participation of developing countries, joint committee on services, review, dispute settlement and denial of benefits, etc.

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World has only 3,200 tigers left: WWF report

In a sharp contrast to the 100,000 tigers that once lived in the wild a century ago, the number now has reduced to just 3,200. This was revealed by a latest report released by the World Wide Fund (WWF).

WWF has also expressed their willingness to assist the conservation efforts being made by the 13 tiger-range countries – India, Bangladesh, Bhutan, China, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Nepal, Russia, Thailand, and Vietnam – which in 2010 set the target of doubling of wild tiger population by 2022.

The report which coincided with the International Tiger Day on July 29 warns that the largest of all the Asian big cats could go extinct in the wild mainly due to poaching and habitat destruction.

WWF considers ‘poaching’ as the biggest threat to wild tigers since their parts are used for traditional medicine, folk remedies, and increasingly as a status symbol among some Asian cultures.

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