Name of the agreement | Member countries | Scope | State of play |
Asia pacific trade agreement (APTA) | Bangladesh, republic of korea & china, India , sri lanka. | Trade in goods | – signed in july 1975.
– It was initially known as the bankok agreement. – It is an initiative under UN economic & social commission for asia & the pacific (UNESCAP) for trade expansion through exchange of tariff concessions among developing country members of the region. – In 2001, with china joining the initiative it became the APTA. – A ministerial meeting held in November 2005 decided to deepen & widen the scope of the agreement. – The UNESCAP office is a key mover behind the agreement & also functions as the secretariate. – The latest ministerial meeting in October 2007 in goa decided to further deepen tariff cuts & expand the scope of agreement to non-tariff issues, services & investment. |
Bhutan – India agreement on trade commerce & transit | India , Bhutan | Trade in goods | – the agreement entered into force in july2006.
– It is the revised signed version of the indo-bhutan trade treaty signed in thimphu in jan 1972. – In the revised agreement 8 exit/entry points have been added to the existing 12 points with certain modifications to simplify the export/import procedure. – There are no modalities as yet for implementation of a free trade regime. |
India – Maldives trade agreement | India , Maldives | Trade in goods | – the agreement was signed in april 1981 in male by the Indian minister of state of the ministry of commerce, khursheed alam khan & the Maldives minister of fisheries , abdul sattar.
– Under the agreement both countries agreed on board trade principles. |
Indo – Nepal treaty of trade | India, Nepal | Trade in goods | – the 1992 agreement was to expire in march 2007 but after talks it has been extended upto march 2012.
– Under the agreement Nepal’s manufactured goods, barring 3 items in the negative list & 5 items with quantitative restrictions, will have duty-free access without reciprocity. – Agricultural products are traded both ways without tariffs. – India continues to push for inclusion of infrastructure (especially hydropower) & simplification of customs check offices. – The Nepal business community is concerned about non-tariffs barriers, trade facilitation measures, dispute settlement mechanism as well as unpredictable rises in tariffs itself. – These issues were not addressed adequately during a meeting in February 2007 & were hence not included in the new agreement . |
Bilateral & regional trade agreements (operational & under negotiation)
Posted: September 26, 2010 in India0
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