The Demo Site

NEW DELHI, JUL 8: In a run-up to the talks for a free trade agreement (FTA) between India and Vietnam, the Vietnamese seafood industry has suggested that they be allowed to fish in the Bay of Bengal. They have also said that they would like to invest in Indian seafood sector.

Vietnam’s Prime Minister, Nguyen Tan Dung during his visit to India last week had proposed an FTA between the two countries. He has also asked for similar favourable terms for investment by Vietnamese companies in India. Dung led an 80-member strong business delegationto India.

Vietnam has a competitive edge in the global market in seafood export and the Vietnam government has set an annual growth target in seafood export at 9% by 2010 which would result in export of more than 9 lakh tonne seafood for an earning of $ 4.5 billion. Click here to continue for a Full Article

By: Ashok B Sharma - The Financial Express