BIMST-EC to launch free trade arrangement

Thursday, 04 September 2003, 19:30 IST
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NEW DELHI: Countries of BIMST-EC, an Asian economic grouping, will enter into a free trade arrangement early next year. This was announced by Indian Prime Minister Atal Bihari Vajpayee while inaugurating the second India-ASEAN Business Summit here Thursday. BIMST-EC stands for Bangladesh, India, Myanmar, Sri Lanka and Thailand - Economic Cooperation. "BIMST-EC provides a valuable link between South Asia and our two close neighbours in Southeast Asia," Vajpayee said. "We are working towards a free trade arrangement within this organisation, which will meet at the summit level early next year to give a decisive impetus to our cooperation," he said.
Source: IANS
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