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The Generalized System of Preferences, or GSP, is a preferential tariff system which provides tariff reduction on various products. The concept of GSP is very different from the concept of "most favored nation" (MFN). MFN status provides equal treatment in the case of tariff being imposed by a nation but in case of GSP differential tariff could ...
The India Mercosur Preferential Trade Agreement is an example of a PTA. [ 2 ] A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members.
Duty Free Tariff Preference (DFTP) is a unilateral non-reciprocal preferential tariff scheme provided by the Government of India for the least developed countries (LDCs). The scheme was officially introduced on 13 August 2008. India was the first developing country to introduce a preferential tariff program for the LDCs. [1] [2]
The DCTS replaced the former Generalised Scheme of Preferences (GSP) with effect from 19 June 2023, when all previous goods graduation notices ceased to apply. [2] The outgoing scheme was largely the same as the European Union's.
ASEAN–India Free Trade Area (AIFTA), in effect as of 1 January 2010 [9] ASEAN–Japan Comprehensive Economic Partnership (AJCEP), in effect as of 1 December 2008 [ 10 ] ASEAN–Korea Free Trade Area (AKFTA), in effect as of 1 January 2010 [ 11 ]
India has 25 items on the sensitive list for the LDCs and 695 for the non-LDCs. Manmohan Singh, then Indian Prime Minister, announced in September in Dhaka that he will reduce the Sensitive List by 46. Bhutan has 150 items for both the LDCs and non-LDCs and has no plan of shortening its list. Nepal has 1,257 for the LDCs and 1,295 for the non ...
Certificate of origin means a specific form identifying the goods, in which the authority or body empowered to issue it certifies expressly that the goods to which the certificate relates originate in a specific country. This certificate may also include a declaration by the manufacturer, producer, supplier, exporter or other competent person;
ASEAN's imports from India were US$17.4 billion – a growth of 40.2 per cent in comparison to that of 2006. As for foreign direct investment (FDI), the inflow from India to ASEAN Member States was US$476.8 million in 2008, accounting for 0.8 per cent of total FDI in the region. Total Indian FDI into ASEAN from 2000 to 2008 was US$1.3 billion.