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Asean India Free Trade Agreement Form

Recognizing this development and recognizing the economic potential for closer ties, both sides recognized opportunities to deepen trade and investment relations and agreed to negotiate a framework agreement to pave the way for the creation of an ASEAN-India Free Trade Area (FTA). [7] (a) measures to ensure the preservation of products in good condition during transport and storage (e.g.B. drying, freezing, brine maintenance, aeration, sprinkling, refrigeration, salting, sulphur dioxide or other watery solutions, removal of damaged parts and similar operations); (d) When the goods are found to be not of origin, the producer/exporter receives thirty days from the date of receipt of the written decision, written submissions or additional information on the admissibility of goods for preferential tariff treatment. If it turns out that the products are still not original, the final written decision of the importing party is communicated to the issuing authority within thirty days of receiving the additional comments/information from the exporting producer. 2. When a product is subject to a percentage of value, the value of packaging and packaging materials for retail is taken into account when evaluating the origin when the package is considered a whole product containing products. 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. At the 10th ASEAN-India Summit in New Delhi on 20 December 2012, India and ASEAN concluded negotiations on free trade agreements on services and investment. Both sides expect bilateral trade to rise to $100 billion by 2015 and $200 billion within a decade. [8] 2.

Each party, through the ASEAN secretariat, provides, through the ASEAN secretariat, eleven original sets of signatures and drawings of official seals used by its issuing authorities, including their names and addresses, for distribution to other parties. Any changes to official names, addresses, signatures or seals must be communicated immediately in the same manner or electronically. (i) the retrospective verification request must be accompanied by the AIFTA certificate of origin concerned and additional reasons and information indicating that the references in the AIFTA original certificate mentioned above may be inaccurate, unless the retrospective verification is requested at random; In 2008, the total volume of ASEAN-India trade was $47.5 billion. ASEAN`s exports to India amounted to $30.1 billion , a 21.1% increase over 2007. ASEAN imports from India amounted to $17.4 billion , a 40.2 per cent increase over 2006. With regard to foreign direct investment (FDI), India`s inflow to ASEAN Member States amounted to USD 476.8 million in 2008, or 0.8% of the region`s total. India`s total direct investment in ASEAN amounted to $1.3 billion between 2000 and 2008. The trade and investment statistics of ASEAN`s dialogue partners can be accessed by www.asean.org/22122.htm.

The signing of the ASEAN-India trade agreement paves the way for the creation of one of the world`s largest free trade agreements – a market of nearly 1.8 billion people with a total GDP of $2.8 trillion. Under the ASEAN-India Free Trade Agreement, more than 90% of the products traded between the two dynamic regions, including so-called “special” products, such as palm oil (raw and refined), coffee, black tea and pepper, are filled with tariffs.


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