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Parliamentary Standing Committee on Commerce for FTA renegotiation with Japan, Korea, Asean

Parliamentary Standing Committee on Commerce for FTA renegotiation with Japan, Korea, Asean
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“India’s concession to the ASEAN has been far in excess than concessions granted to India,” it said and suggested periodic compliance assessment to be carried out for Rules of Origin to arrest market access at concessional tariffs for non-FTA countries besides mandatory domestic content labelling requirement across the value chain.
Agencies
For the electronics sector, it asked the government to provide protection to the domestic industry till the time it is competent enough to compete with global manufacturers.
NEW DELHI: The Parliamentary Standing Committee on Commerce on Wednesday suggested renegotiation India’s Free Trade Agreements with ASEAN, Japan and South Korea to ensure reciprocity in steel sector. Until this is carried out, concessional tariffs with these countries should be suspended, it said. ....

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Reform, the Indian way

The editorial inappropriately takes my speech given in a different context and transfixes it to the current agriculture reforms. Since agricultural reforms have been brought up in the editorial, let’s look at all the consultations and democratic processes observed in India when formulating these landmark bills. The editorial states that farm reforms were passed “with little or no evidence of consultation”. The trinity of legislation to facilitate contract farming, remove price restrictions and boost open trade have been the culmination of comprehensive, far-reaching and wide-ranging stakeholder consultations over the last two decades. A plethora of commissions, reports, task forces, model legislation, regulations and rules have suggested these reforms. ....

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