Skip to content

Asean India Free Trade Agreement Form

Since the early 2000s, India has had a growing trade deficit with ASEAN, with imports exceeding exports by more than $6 billion in 2007-08. [11] There are concerns that gradual liberalization of tariffs and increased imports to India could threaten several economic sectors, including the plantation sector, some processing industries and the maritime industry. [11] As a dominant exporter of light industrial products, ASEAN has competitive tariffs that prevent India from accessing the industrial market in ASEAN countries. [12] (a) measures to ensure the preservation of products in good condition during transport and storage (e.g.B. drying, freezing, brining, ventilation, sprinkling, refrigeration, salting, sulphur dioxide or other watery solutions, removal of damaged parts and similar operations); Cotton, gauze, bandages and similar items (e.g., bandages. B, adhesive patches, poultices), impregnated or coated with pharmaceutical materials or packaged in moulds or packaging for retail purposes for medical, surgical, dental or veterinary purposes. (a) in accordance with the usual business practices in the exporting party`s domestic market; While there are many benefits to the ASEAN-India Free Trade Agreement, India is concerned that the agreement will have several negative effects on the economy. As has already been said, both regions are trying to reduce their tariffs on a large portion of their traded products. This will allow them to increase market access for their products. However, it is criticized that India is not experiencing as large an increase in market access to ASEAN countries as ASEAN in India. [9] ASEAN`s economies are largely export-oriented and have high export rates to GDP (in 2007, Malaysia had a rate above 100%[10]).

[11] Given the above, as well as the global financial crisis and India`s expansionary domestic market, ASEAN countries are eager to consider India as the country of origin for its exports. [11] 5.At the application of the export procedures for products subject to tariff preferences, the exporter or his agent submits a written application for the AIFTA Certificate of Origin, along with appropriate supporting documentation demonstrating that the products to be exported are eligible for the issuance of an AIFTA certificate of origin. 9.PAYS TIERS-INVOICING: in cases where invoices are issued by a third country, box 13 must be checked (√) and indicate the name and country of the issuing company in box 7. ON 13 August 2009, ASEAN and India signed the ASEAN-India Trade Agreement (TIG) in Bangkok after six years of negotiations. The Tig aSEAN-India agreement came into force on 1 January 2010.