Both the parties can resort to bilateral safeguards measures in the event of increased imports as a result of tariff reduction which causes or threatens to cause serious injury to the domestic industry. While the measure is to be imposed after due investigation, it can be in the form of Suspension of further reduction of… Read more »
Under the Chapter of Dispute Settlement Mechanism, the Parties shall resolve the disputes, if any, through consultations and negotiations, failing which, they may resort to an arbitral tribunal, consisting of three members. Each Party to the dispute shall appoint a member and the third member, who would be the Chair of the panel, shall be… Read more »
The provisions in the Chapters on Sanitary and Phyto-sanitary (SPS) Measures provide the framework for addressing regulations and standards pertaining to human, animal and plant life or health while the Chapter on TBT provides the framework for product testing and certification requirements. Patent – A patent in an exclusive right granted by a country to… Read more »
Yes, the end dates for ASEAN has been advanced in IMCECA by tariff elimination/reduction under Normal Track-1, Normal Track-II and Sensitive Track have been advanced/fast tracked by 3 to 6 months. For example the end dates for tariff elimination under Normal Track-1 have been advanced from 31 December, 2013 to 30 September, 2013 while those for… Read more »
The CECA is an addition to the existing India ASEAN Agreement on Trade in Goods. Under the CECA, India has offered ASEAN-plus tariff concessions to Malaysia on 76 items and thereby given access to products such as fruits, cocoa, and synthetic textiles etc. Malaysia has also offered similar tariff concessions to India on 140 items,… Read more »
Some of the product categories of export interest to India on which the major ASEAN countries are eliminating their tariffs are – • Indonesia: marine products, fruits and vegetables, cereals (excluding rice), processed food, organic chemicals, pharmaceuticals, textiles, machinery etc. • Thailand: processed food, organic chemicals, pharmaceuticals, textiles and clothing, footwear, machinery, automotives etc •… Read more »
The parties shall resolve dispute through consultations and negotiations ,failing which they may resort to an arbitral panel, which shall consist of three members. Each party to the dispute shall appoint a member and the third member who would be the Chair of the panel, shall be appointed by mutual agreement. The concept of review… Read more »
The concept of review of the Agreement has been put in place to take stock of the operation of the Agreement and based on this suggest the future course of action. The Agreement is operationalised and implemented through a Joint Committee. The Joint Committee meets biennially to review the Agreement with a purpose of considering… Read more »
Yes, there are safeguard mechanism to protect the domestic producers against any sudden surge in imports due to tariff concessions that would substantially cause or threaten to cause serious injury to the domestic industry has been included in the Trade in Goods Agreement. A Party shall have the right to initiate a safeguard measure on… Read more »
The products under the India-ASEAN TIG Agreement must meet the triple criteria of (i) tariff classification change (change in tariff sub-heading, CTSH), (ii) regional value addition i.e., the ASEAN-India Free Trade Agreement (AIFTA) content of not less than 35% of the Free on Board (FOB) value and (iii) substantial manufacturing/processing excluding minimal operations like repackaging,… Read more »
हिन्दी लेख प्रवक्ता.कॉम से हिन्दी समाचार प्रवक्ता.कॉम से
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