Free trade area

A free-trade area is a trade bloc whose member countries have signed a free-trade agreement (FTA), which eliminates tariffs, import quotas, and preferences on most (if not all) goods and services traded between them. If people are also free to move between the countries, in addition to FTA, it would also be considered an open border. It can be considered the second stage of economic integration. Countries choose this kind of economic integration if their economical structures are complementary. If their economical structures are competitive, it is likely there will be no incentive for a FTA, or only selected areas of goods and services will be covered to fulfill the economic interests between the two signatories of FTA. 

 

ASEAN–India Free Trade Area

 

india India Free Trade Area

http://www.eximguru.com/exim/trade-agreement/default.aspx

 

 

 

India's boost vaccine exports

Every second child in the world is vaccinated for measles using a vaccine produced in India.
India is a major vaccine producer with 12 major vaccine manufacturing facilities. These vaccines are used for the national and international market, reaching nearly 150 countries.

Two-thirds of the vaccines produced in India are exported .
India's exports , which touched $13 billion last year and is expected to touch $26 billion this year.

http://www.thehindu.com/todays-paper/who-clearance-could-boost-vaccine-exports/article4211607.ece 

India’s national regulatory authority — Central Drugs Standard Control Organisation (CDSCO) — and its affiliated institutions meet the prescribed international standards. 

der is some gud news to cheer abt !!!!

WHO approves 12 Indian vaccine companies for supplying 30 vaccines to 159 countries worth $3b.....Well done guys, not an easy one!- India's vaccine regulator passes strict WHO efficacy test ...INDIA first to do so this time ....2/3rd of the vaccines produced in INDIA are exported and every 2nd child in the world is vaccinated for measles by INdian vaccine...Rs 19,000 crore ka faydaaa !!! hai !!...v hv a bright future in PHARMACY SECTOR if proper attention is given to it !!!!!