Asean India Free Trade Agreement Tariff Schedule

(c) The determination of the origin of the goods shall be communicated to the exporting producer and to the competent issuing authority. Any suspended preferential tariff treatment shall be reintroduced when it is found that the products are considered to be originating. (21) Products consigned by one Party for display in another Party when sold during or after the exhibition shall benefit from preferential tariff treatment where the products meet the requirements of these Regulations, provided that it is demonstrated to the competent customs authority of the importing Party that:- At the 10th ASEAN-India Summit held in New Delhi on 20 December 2012, India and ASEAN have concluded negotiations on free trade agreements for services and investment. Both sides expect bilateral trade to grow to $100 billion by 2015 and $200 billion in a decade. [8] (iv) If, within thirty days of receipt of the notification referred to in point (i), the declarant has not obtained the written consent of the producer/exporter, the declarant may refuse preferential tariff treatment to the products referred to in that AIFTA certificate of origin which would have been the subject of the verification visit; and in 2015, one of the most important meetings within the ASEAN-India framework was the 13th AEM-India meeting, which met in Kuala Lumpur, Malaysia, on 23 August 2015. The meeting announced the entry into force of the ASEAN-India Agreement on Trade in Services and Investment for six ASEAN member countries, namely Brunei, Malaysia, Myanmar, Singapore, Vietnam and Thailand, which entered into force on 1 July 2015. The incident marked a new milestone for ASEAN and India in their efforts to improve bilateral trade in services and investment. AEM-India has agreed to review the Asean-India Agreement on Trade in Goods, signed since 2009, in order to modernize and update it in the current trade situation. The review would cover the implementation of trade facilitation commitments, trade facilitation measures, the possibility of liberalisation of products on sensitive lists and exclusion lists, the exchange of trade and undercover information and the promotion of the use of asean-India free trade agreements.

This revision would help expand trade between ASEAN and India to allow Thai companies to benefit from more preferential tariffs. Recognizing this trend and recognizing the economic potential of closer ties, the two sides recognized the opportunities to deepen trade and investment relations and agreed to negotiate a framework agreement to pave the way for the establishment of an ASEAN-India Free Trade Area (FTA). [7] (vi) The product remains under the customs control of the intermediate party, including its free trade areas and customs territories. . . .