Page 21 - Fta News Today

ISLAMABAD: The federal cabinet is likely to grant exemption from the applicability of Public Procurement Rules, 2004...

The rules of origin provision prescribes minimal processing that should happen in the FTA country so that the final manufactured product may be called originating goods in that country. Under this provision, a country that has inked an FTA with India cannot dump goods from some third country in the Indian market by just putting a label on it. It has to undertake a prescribed value addition in that product to export to India. Rules of origin norms help contain the dumping of goods.

Addressing a special Diwali Reception organised by the High Commission of India at Westminster Hall near the Houses of Parliament in London on Monday, he described the bilateral relationship as a

Issues which need resolution include rules of origin; intellectual property rights (IPRs); social security agreement; duty concessions on electric vehicles, scotch whiskey, lamb meat, chocolates and certain confectionary items; liberalisation of norms in services sectors like banking and insurance.

"We are focusing on what is officially called an enhanced trade partnership. In common sense, its called FTA and that is today very much the focus of what the Indian and British systems are negotiating and where we hope that we will find a landing point which will work for both of us," Jaishankar said at an event in London on Monday.

EAM S Jaishankar’s visit comes against the backdrop of protracted negotiations between India and the UK on a free trade agreement | Latest News India

Policymakers negotiating FTAs should remember that India has to get concessions for the substantial tariff cuts it would have to give, and these concessions should not ignore new and novel issues.

The DPIIT (Department for Promotion of Industry and Internal Trade) plans to engage a consultancy agency to create a reservation list for items not qualifying for commitments under free trade agreements (FTAs). The list, accompanying the investment liberalization chapter in FTAs, restricts commitments to specific sectors/activities.

ISLAMABAD: The Board of Investment (BoI) is likely to move the Federal Cabinet to scrap Bilateral Investment Treaty...

Several countries give preference to MSMEs in their public procurement. Under the India-UAE free trade pact, government procurement contracts worth over Rs 200 crore are open to UAE-based firms on the same terms as Indian firms.