India, Taiwan may soon resume discussions on a free trade agreement

Taiwan is likely to send more mobile phone microprocessors and precision tools to India because the governments of both countries may soon resume discussions on a free trade agreement (FTA), eight years after preliminary talks began.

While official talks are yet to start, Taiwan last month made clear its desire to fast-track discussions while India hopes that a deal may reduce its import dependence on China for crucial products, a senior commerce ministry official pointed out.

The two countries have cultural and economic centres in each other’s territory but no diplomatic relations.

New Delhi had decided against vigorously pursuing investments