Trade policy review report by the secretariat



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Source: Department of Industrial Policy and Promotion (DIPP), Consolidated FDI Policy Circular of 2014 (effective from 17 April 2014), 17 April 2014; DIPP, Press Note No. 8 (2014 Series), 27 August 2014; and WTO (2011), Trade Policy Review: India, Geneva.

Table A2. 2 India's regional trade agreements in force, end-March 2015

Regional trade agreements

Asia-Pacific Trade Agreement (APTA)a (goods)

Parties

Bangladesh, China, India, Korea (Rep. of), Lao People's Democratic Republic, and Sri Lanka

Date of signature/entry into force

31 July 1975/17 June 1976

Full implementation

1 November 1976

Duty-free tariff lines

1.7%

Other provisions

Rules of origin, safeguards, balance of payments measures and dispute settlement

India's merchandise tradeb

Share of total imports: 14.4%

Share of total exports: 9.5%



Of which preferential




WTO document series

L/4418 (GATT), WT/COMTD/N/22, WT/COMTD/62

GSTP (goods)

Parties (as notified)

Algeria, Argentina, Bangladesh, Benin, Bolivarian Republic of Venezuela, Brazil, Cameroon, Chile, Colombia, Cuba, Democratic People's Republic of Korea, Ecuador, Egypt, Ghana, Guinea, Guyana, India, Indonesia, Iran (Islamic Rep. of), Iraq, Korea (Rep. of), Libyan Arab Jamahiriya, FYR of Macedonia, Malaysia, Mexico, Morocco, Mozambique, Myanmar, Nicaragua, Nigeria, Pakistan, Peru, Philippines, Plurinational State of Bolivia, Singapore, Sri Lanka, Sudan, Tanzania, Thailand, Trinidad and Tobago, Tunisia, Viet Nam and Zimbabwe

Date of signature/entry into force

13 April 1988/19 April 1989

Full implementation

19 April 1989 for 15 signatory countries

Duty-free tariff lines

..

Other provisions

Rules of origin, safeguards including balance of payments measures, dispute settlement

India's merchandise tradeb

Share of total imports: 30.3%

Share of total exports: 26.4%



Of which preferential




WTO document series

L/6564 (GATT)

SAPTA (goods)

Parties

Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka

Date of signature/entry into force

11 April 1993/07 December 1995

Full implementation

7 December 1995

Duty-free tariff lines

Tariff concessions apply to 2,565 HS six-digit tariff lines, with margins of preference of 10%-90% for non-LDC members and 10%-100% for LDC members.

Other provisions

Rules of origin, safeguards including balance of payments safeguards, dispute settlement

India's merchandise tradeb

Share of total imports: 0.5%

Share of total exports: 5.4%



Of which preferential




WTO document series

WT/COMTD/10

SAFTA (goods and services)




Parties

Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka

Date of signature/entry into force

6 January 2004/1 January 2006

Full implementation

31 December 2012

Duty-free tariff lines

India has a sensitive list of 865 products imported from non-LDC members and 744 products from LDC members

Other provisions

Rules of origin, safeguards, including balance of payments safeguards, services, dispute settlement

India's merchandise tradeb

Share of total imports: 0.5%

Share of total exports: 5.4%



Of which preferential




WTO document series

WT/COMTD/N/26

India-Afghanistan (goods)

Parties

Afghanistan, India

Date of signature/entry into force

6 March 2003/13 May 2003

Full implementation

13 May 2003

Duty free tariff lines

13 out of 38 lines covered by the Agreement are duty free

Other provisions

Rules of origin, safeguards, including balance of payments safeguards, state trading and dispute settlement

India's merchandise tradeb

Share of total imports: 0.05%

Share of total exports: 0.2%



Of which preferential




WTO document series

WT/COMTD/N/32

India-Bhutan

Parties

Bhutan, India

Date of signature/entry into force

28.07.2006/29.07.2006

Full implementation

29 July 2006

Duty-free tariff lines

India provides a tariff exemption on all imports from Bhutan

Other provisions

Safeguards and customs related measures, rules of origin

India's merchandise tradeb

Share of total imports: 0.03%

Share of total exports: 0.1%



Of which preferential




WTO document series

WT/COMTD/N/28

India-Nepal (goods)

Parties

India, Nepal

Date of signature/entry into force

27 October 2009/27 October 2009

Transition for full implementation

27 October 2009

Duty-free tariff lines

India exempts imports from Nepal from tariffs (except for alcoholic liquors and beverages, perfumes and cosmetics with non-Nepalese/non-Indian brand names, and cigarettes and tobacco). Imports of vegetable fats, copper products, acrylic yarn and zinc oxide are subject to annual quotas

Other provisions

Rules of origin, safeguards

India's merchandise tradeb

Share of total imports: 0.1%

Share of total exports: 1.1%



Of which preferential




WTO document series

WT/COMTD/N/34

India-Singapore (goods and services)

Parties

India, Singapore

Date of signature/entry into force

29 June 2005/1 August 2005

Full implementation

1 January 2015

Duty-free tariff linesc

23.6% of the total

Other provisions

Rules of origin, customs related measures, safeguards, standards and technical regulations, sanitary and phytosanitary measures, services commitments, investment, dispute settlement

India's merchandise tradeb

Share of total imports: 1.5%

Share of total exports: 4.0%



Of which preferential




WTO document series

WT/REG228, S/C/N/393

India-Sri Lanka (goods)

Parties

India, Sri Lanka

Date of signature/entry into force

28 December 1998/15 December 2001

Full implementation

18 March 2003

Duty-free tariff lines

4150 lines at the HS6digit level are duty free. India does not give tariff concessions on 429 lines that are subject to a negative list. In addition a margin of preference of 25% of the MFN rate is provided for textiles imports with zero duty on imports of 3 million pieces per year for imports under HS 61 and 62. Tariff rate quotas on tea provide a 50% margin of preference on an annual quota of 15 million kg. There are also TRQs for dessicated coconut, pepper and Vanaspati.

Other provisions

Rules of origin, safeguards, including balance of payments safeguards, state trading, and dispute settlement

India's merchandise tradeb

Share of total imports: 0.2%

Share of total exports: 1.5%



Of which preferential




WTO document series

WT/COMTD/N/16

Chile-India (goods)

Parties

Chile, India

Date of signature/entry into force

8 March 2006/17 August 2007

Full implementation

13 January 2009 for India

Duty-free tariff linesc

0

Other provisions

Rules of origin, customs related measures, anti dumping and countervailing measures, safeguards, TBT and SPS measures, dispute settlement

India's merchandise tradeb

Share of total imports: 0.7%

Share of total exports: 0.2%



Of which preferential




WTO document series

WT/COMTD/N/30, WT/COMTD/RTA/4

MERCOSUR-India (goods)

Parties

Argentina, Brazil, Paraguay, Uruguay, India

Date of signature/entry into force

25January 2004/1 June 2009

Full implementation

1 June 2009

Duty-free tariff linesc

1 line

Other provisions

Rules of origin, customs related procedures, SPS and TBT measures, state trading enterprises, dispute settlement

India's merchandise tradeb

Share of total imports: 1.2%

Share of total exports: 2.0%



Of which preferential




WTO document series

WT/COMTD/N/31

ASEAN-India (goods and services)

Parties

Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, Viet Nam, India

Date of signature/entry into force

13 August 2009/1 January 2010

Full implementation

31 December 2022

Duty-free tariff linesc

75% at end of implementation

Other provisions

Rules of origin, customs related procedures, tariff rate quotas (by Malaysia), safeguards, SPS and TBT measures, services, dispute settlement

India's merchandise tradeb

Share of total imports: 9.2%

Share of total exports: 10.6%



Of which preferential




WTO document series

WT/COMTD/N/35

Korea-India (goods and services)

Parties

Korea (Rep. of), India

Date of signature/entry into force

7 August 2009/1 January 2010

Full implementation

1 January 2021

Duty-free tariff lines

On 31 December 2014, 61% of the tariff was duty free. India exempts 1,895 HS eight-digit tariff lines from liberalization

Other provisions

Rules of origin, customs related measures, anti dumping and countervailing measures, safeguards, SPS and TBT measures, state trading, non-tariff measures, services, investment and dispute settlement

India's merchandise tradeb

Share of total imports: 2.8%

Share of total exports: 1.3%



Of which preferential




WTO document series

WT/REG286, WT/COMTD/N/36, S/C/N/558, S/C/N/570

India-Malaysia (goods and services)

Parties

India, Malaysia

Date of signature/entry into force

18 February 2011/1 July 2011

Full implementation

31 December 2019

Duty-free tariff linesc

75.3% by end of implementation

Other provisions

Rules of origin, customs related procedures, tariff rate quotas (by Malaysia), SPS and TBT measures, safeguards, including balance of payments safeguards, services, investment and dispute settlement

India's merchandise tradeb

Share of total imports: 2.0%

Share of total exports: 1.3%



Of which preferential




WTO document series

WT/COMTD/N/37, S/C/N599, WT/COMTD/RTA/5, WT/REG329

India-Japan (goods and services)

Parties

India, Japan

Date of signature/entry into force

16 February 2011/1 August 2011

Full implementation

1 January 2021

Duty-free tariff linesc

17.4% as of 31 December 2014 and 86.6% by end of implementation

Other provisions

Rules of origin, customs related procedures, SPS and TBT measures, safeguards, including balance of payments safeguards, services, investment and dispute settlement

India's merchandise tradeb

Share of total imports: 2.1%

Share of total exports: 2.2%



Of which preferential




WTO document series

WT/REG300, S/C/N/601

.. Not available.

a Previously known as the Bangkok Agreement; original signatories were Bangladesh, India, Korea (Rep. of), Lao PDR and Sri Lanka. China became a party to the Agreement on 1 January 2002 and the amended APTA Agreement entered into force on 1 September 2006.

b UNSD Comtrade Database. Data for 2013.

c Secretariat calculations based on data provided by the authorities and included in a factual presentation of the RTA.



Source: WTO RTA Database (http://rtais.wto.org) and information provided by the Indian authorities.

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