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    <title>TERC Gives Clear Mandate For FTA Negotiations</title>
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    <description>The Committee mandated continued FTA engagement while scrutinising adverse impacts on manufacturing and the trade balance, noting regional differences (SAFTA surplus, improved Indo ASEAN exports offset by essential imports, and a large deficit with China). It emphasised existing FTA review mechanisms and a Department of Commerce impact study for mid course corrections, and stressed that export competitiveness depends on domestic reforms (GST, labour law reform, infrastructure) and on reducing transaction costs and border procedural barriers.</description>
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