India and ASIAN Trade Agreement

 

The information provided here is part of Export Import Training course online


Click below to read India and ASIAN Trade Agreement:

 

India and ASIAN Trade AgreementAGREEMENT ON TRADE IN GOODS UNDER THE
FRAMEWORK AGREEMENT ON COMPREHENSIVE
ECONOMIC COOPERATION BETWEEN THE REPUBLIC
OF INDIA AND THE ASSOCIATION OF SOUTHEAST
ASIAN NATIONS
PREAMBLE
The Government of the Republic of India (India) and the
Governments of Brunei Darussalam, the Kingdom of
Cambodia (Cambodia), the Republic of Indonesia
(Indonesia), the Lao People’s Democratic Republic (Lao
PDR), Malaysia, the Union of Myanmar (Myanmar), the
Republic of the Philippines (the Philippines), the Republic of
Singapore (Singapore), the Kingdom of Thailand (Thailand)
and the Socialist Republic of Viet Nam (Viet Nam), Member
States of the Association of Southeast Asian Nations
(collectively, “ASEAN” or “ASEAN Member States”, or
individually, “ASEAN Member State”),
RECALLING the Framework Agreement on Comprehensive
Economic Cooperation between the Republic of India and
the Association of Southeast Asian Nations, signed by the
Heads of Government/State of India and the ASEAN
Member States in Bali, Indonesia on 8 October 2003 and the
Protocol to Amend the Framework Agreement on
Comprehensive Economic Cooperation between the
Republic of India and the Association of Southeast Asian
Nations, signed in [venue] on [date];
RECALLING FURTHER Articles 2 and 4 of the Protocol to
Amend the Framework Agreement on Comprehensive
Economic Cooperation between the Republic of India and
2
the Association of Southeast Asian Nations which reflect the
commitment of India and ASEAN to establish the ASEANIndia
Free Trade Area covering trade in goods by 2013 for
Brunei Darussalam, Indonesia, Malaysia, Singapore and
Thailand and India; by 2018 for the Philippines and India;
and by 2013 for India and by 2018 for Cambodia, Lao PDR,
Myanmar and Viet Nam;

 

REITERATING the importance of special and differential
treatment to ensure the increasing participation of the new
ASEAN Member States in economic integration and
cooperation activities between India and ASEAN;
REAFFIRMING the Parties’ commitment to establish the
ASEAN-India Free Trade Area while allowing flexibility to
Parties to address their sensitive areas as provided in the
Framework Agreement;
HAVE AGREED as follows:
ARTICLE 1
Definitions
For the purposes of this Agreement, the term:
(a) AIFTA means the ASEAN-India Free Trade Area under
the Framework Agreement on Comprehensive
Economic Cooperation between the Republic of India
and the Association of Southeast Asian Nations;
(b) applied MFN tariff rates shall include in-quota rates,
and shall:
(i) in the case of ASEAN Member States (which are
WTO Members as of 1 July 2007) and India, refer
to their respective applied rate as of 1 July 2007,
except for products identified as Special Products
in the Schedules of Tariff Commitments set out in
Annex 1; and


3
(ii) in the case of ASEAN Member States (which are
non-WTO Members as of 1 July 2007), refer to
the rates as applied to India as of 1 July 2007,
except for products identified as Special Products
in the Schedules of Tariff Commitments set out in
Annex 1;
(c) ASEAN means the Association of Southeast Asian
Nations which comprises Brunei Darussalam, the
Kingdom of Cambodia, the Republic of Indonesia, the
Lao PDR, Malaysia, the Union of Myanmar, the
Republic of the Philippines, the Republic of Singapore,
the Kingdom of Thailand and the Socialist Republic of
Viet Nam and whose members are referred to in this
Agreement collectively as the ASEAN Member States
and individually as an ASEAN Member State;
(d) Framework Agreement means the Framework
Agreement on Comprehensive Economic Cooperation
between the Republic of India and the Association of
Southeast Asian Nations, signed in Bali, Indonesia on
8 October 2003, as amended;
(e) GATT 1994 means the General Agreement on Tariffs
and Trade 1994 in Annex 1A to the WTO Agreement,
including its Notes and Supplementary Provisions;
(f) goods means materials and/or products;
(g) originating good means a good that qualifies as
originating under Article 7;
(h) new ASEAN Member States refers to Cambodia, Lao
PDR, Myanmar and Viet Nam;
(i) Parties means India and ASEAN Member States

 

The above information is a part of Import Export Training course online




Click here to read more:


All Foreign Trade Agreements of IndiaPreferential Trade Agreements of IndiaFree Trade Agreements of IndiaIndia - South Korea Comprehensive Economic Partnership Agreement (CEPA),   SAARC Preferential Trading Arrangement or SAPTAIndia Chile Preferential Trade AgreementIndia MERCOSUR Preferential Trade AgreementIndia Afghanistan Preferential Trade Agreement,   Global System of Trade Preferences (G S T P), Asia Pacific Trade Agreement (APTA)India Japan Comprehensive Economic Partnership AgreementIndia Malaysia Comprehensive Economic Cooperation AgreementIndia Singapore Comprehensive Economic Cooperation Agreement (CECA)India Thailand FTA Early Harvest Scheme (EHS)South Asian Free Trade Area Agreement (SAFTA)India Sri Lanka FTA Agreement, ISLFTAREVISED INDO-NEPAL TREATY OF TRADEIndia Bhutan Agreement on Trade, Commerce and Transit


Difference between standard dry container and Open Top Container
How to import Prepared vegetables, Prepared fruits, Prepared nuts           
Guidelines to importers of Prepared Cereals, Prepared Flour, Prepared starch and Prepared Milk           
Import processes of Cocoa and Cocoa products     
Trade Facilitation Agreement ( TFA) and India         
Period of post shipment credit to exporters   
How does a Running bond work?
How does CENVAT Credit work? 
Import General Manifest (IGM)
Importance of Bill of Lading 
Procedure to Import Ships and Floating Structures  
How to Import Musical Instruments, Parts and Accessories
Procedures to Import Clocks, Watches        
How to import Optical, Photographic, Medical Instruments and Accessories          
Types of Export Containers   
Dimension of Cargo Containers

Difference between standard dry container and Flat rack container
Types of Export Containers   
Dimension of Cargo Containers
Common tips to importers of Sugars and Sugar Confectionery       
 


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers