Customize Reports

India has entered into treaties with almost all South East Asian countries.

1. A treaty permits each signatory to reduce the customs duties on goods originating in the signatory’s country.
2. Thus, signalling preferential treatment to the goods of that country.
3. So, all signatories reduce duties of each other countries goods leading to enhanced business amongst each other.

India has entered into free trade agreements which are bilateral and multilateral in nature.

Bilateral agreements are as follows:

1. India - Sri Lanka (2000)

2. India - Japan (2011)

3. India - Korea (2010)

4. India - Malaysia (2011)

5. India - Nepal Trade Treaty (1950)

6. India - Thailand EHS (2004)

7. India - Chile PTA (2007)

8. India - Afghanistan (2013)

9. India - Singapore CECA (2005)

10. India - Bhutan (2016)

India has Multilateral/Regional agreements as follows:

1. India - ASEAN (2010) with Brunei, Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand, Singapore and Vietnam.

2. Asia Pacific Trade Agreement (1975) between Thailand, Bangladesh, China, Republic of Korea and Sri Lanka

3. Agreement of South Asian Free Trade (SAFTA) 2006 between Bangladesh, Bhutan, Maldives, Nepal, Pakistan,

Sri Lanka and Afghanistan

4. India - Mercosur (2009) between Argentina, Brazil, Paraguay and Uruguay.

5. Global system of trade preferences (1987) - Includes 47 developing countries

Also, India offers Unilateral (One sided) DFTP Scheme (2008) to 34 least developing countries (LDC) 2008.

They are Afghanistan, Bangladesh, Benin, Burkina Faso, Burundi, Cambodia, Central African Republic, Chad, Comoros, Eritrea, Ethiopia, Gambia, Guinea, Guinea Bissau, Haiti, LAO PDR, Lesotho, Liberia, Madagascar, Malawi, Mali, Mozambique, Myanmar, Niger, Rwanda, Senegal, Somalia, Sudan, Timor Leste, Togo, Uganda, Tanzania, Yemen and Zambia.

Importer has an option to avail benefit from either the Bilateral, Multilateral or Unilateral treaties so that he can avail a preference in duty of his choice to lower his costs.

Traditionally India has looked towards the west which was strong in technology. Over the years, the Far East neighbours have also developed a strong industrial base and are fast replacing the western world in trade and nearly 30% of India’s trade is within the treaty items.

Thus, the need to streamline the process of granting the preference. The treaty already had the provisions of verification, however they were implemented only rarely, hence institiutionalising of those rules for rigorous implementation.

Price: 25000.00 Rs.