Why does India have two Schedules of Tariff Commitments?

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Owing to the commitment under the Framework Agreement, India and Philippines have a different time-line for tariff liberalization compared to India and other ASEAN countries. Therefore, India has one Schedule of Tariff Commitment for Philippines and another for the rest of the ASEAN Member Countries. However, but for the timelines, the tariff reduction/elimination offers are… Read more »

Which products are included in India’s Exclusion List?

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Key items in India’s Exclusion list are – Vegetables – Tomato, onion, garlic, ginger, carrot, radish, cauliflower, cucumber, peas, beans, chilli, capsicum, potato, etc. Fruit/Nuts – coconut, copra, cashew kernel, areca nut, betel nut, banana, pineapple, guava, mango, oranges, grapes, raisin, apple, lemon, watermelon, papaya, cherries, etc. Spices – chilli powder, nutmeg, vanilla, cardamom, fenugreek,… Read more »

What are the different types of tariff concessions offered?

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Tariff concessions are offered either through (1) tariff elimination or (2) tariff reduction. The List of items for which – Tariffs are to be eliminated (including through phasing out periods) is called the Normal Track, Tariffs are to be reduced to 0% and 5% is called the Sensitive Track and Tariffs are to be reduced… Read more »

What are the different categories of Natural persons and how are they defined?

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The various categories of natural persons are defined as under – Contractual service suppliers (CSS): A service supplier of country “A” without a commercial presence in country “B”, sends one of its employees to country “B” to supply a service, pursuant to a service contract it has concluded with a consumer there; Intra-corporate transferees (ICT):… Read more »

What are Mutual Recognition Agreements?

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The Mutual recognition relates with qualifications, academic certifications and experience requirements in services. A Mutual Recognition Agreement (MRA) is an agreement by which two or more countries agree to recognize one another’s conformity assessments. In Services, these are applied on the recognition of professional qualifications. Regulatory bodies of various professional services like engineering, accountancy, architecture… Read more »

What are other non tariff measures (NTMs) that are dealt in FTAs?

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Some of the other non tariff measures that figure in FTA chapters are- Customs procedures Import licencing procedures Trade documentation Pre-shipment inspections. Patent – A patent in an exclusive right granted by a country to the owner of an invention to make, use, manufacture and market the invention, provided the invention satisfies certain conditions stipulated… Read more »

What are some of the criteria used in the ROO?

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The criteria in the rules of origin sets out specific and detailed conditions on the level of processing that an imported item from a non FTA partner country must undergo in the FTA partner country (or other eligible countries in the region) before being eligible to be called an originating product of a FTA partner… Read more »

What are ROO?

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ROO stand for Rules of origin. ROO are the criteria needed to determine the of a product for purposes of international trade. Their importance is derived from the fact that duties and restrictions in several cases depend upon the source of imports. Rules of origin are used- To implement measures and instruments of commercial policy… Read more »

How is India placed globally in terms of its bilateral PTAs/FTAs/ CECAs/CEPAs?

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India has preferential access, economic cooperation and Free Trade Agreements (FTA) with about 54 individual countries. India has signed bilateral trade deals in the form of Comprehensive Economic Partnership Agreement (CEPA)/ Comprehensive Economic Cooperation Agreement (CECA)/FTA/Preferential Trade Agreements (PTAs) with some 18 groups/countries. India is a late, and cautious, starter in concluding comprehensive preferential tariff… Read more »