See the news. India is entering a CECA with Malaysia with an "ASEAN-PLUS/WTO-PLUS" approach. This will allow freer mutual investments in almost hundred services subsectors in both the countries. I am personally unable to visualise what this really mean at this point of time. However I was drawn to the last paragraph of the article.
Malaysia and India sought and achieved preferential tariffs beyond those in India's now-operational accord on trade in goods with the Association of Southeast Asian Nations. Malaysia would receive preferential tariffs for its palm oil, palm oil products, cocoa, and textiles (synthetics). India, she said, was being given a similar market access for basmati rice, mangoes, and cotton.
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