India-Thailand Comprehensive Economic Cooperation Agreement (CECA) negotiations.




India-Thailand Comprehensive Economic Cooperation

Agreement (CECA) negotiations

  1. In November 2001, the Prime Minister of Thailand, Dr. Thaksin Shinawatra and the Prime Minister of India agreed to set up a Joint Working Group (JWG) to undertake feasibility study on a Free Trade Agreement between India and Thailand. The Joint Working Group observed that the present policy regimes in both the countries were conducive to more intensive bilateral economic integration and a Free Trade Agreement could prove to be a building block for other sub-regional, regional and global economic integration processes of which both countries are a part. Having observed rich potential of trade expansion, the study concluded that the proposed Free Trade Agreement between India and Thailand is feasible, desirable and mutually beneficial. Accordingly, a Joint Negotiating Group was set up to draft the Framework Agreement on India – Thailand FTA.

  2. During the visit of Indian Prime Minister to Thailand, a Framework Agreement for establishing Free Trade between India and Thailand was signed by the Commerce Ministers of the two sides on 9th October, 2003 in Bangkok, Thailand. The Framework Agreement cover FTA in Goods, Services and Investment and Areas of Economic Cooperation. The Framework Agreement also provided for an Early Harvest Scheme (EHS) under which 82 common items of export interest to the sides have been agreed for elimination of tariff on a fast track basis.

Current Status

  1. The tariff concessions on 82 items of EHS list began from 1.9.2004. The tariffs on these items have become zero for both sides from 1.9.2006.

  2. India-Thailand Trade Negotiating Committee (TNC) has been constituted and discussions are being held on a comprehensive FTA including Trade in Goods, Trade in Services, Investment, Rules of Origin, Dispute Settlement Mechanism etc. 17 Rounds of negotiations have so far been held.





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What is New?
Date: 17-04-2014
Customs Notification No 32/2014 (NT)
Rate of exchange of conversion of each of the foreign currency with effect from 17th April, 2014

Date: 16-04-2014
RBI/2013-14/566 A.P. (DIR Series) Circular No. 123
Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP)

Date: 15-04-2014
DGFT Public Notice No.58/(RE 2013)/2009-14
Amendment in the date of effect for implementation of Self-certification regarding compliance of bar-coding requirements on secondary and tertiary level packaging on export consignment of pharmaceuticals and drugs.

Date: 15-04-2014
Customs Notification No 31/2014 (NT)
Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001

Date: 11-04-2014
Customs Notification No. 15/2014-Customs (ADD
Seeks to levy provisional anti-dumping duty on imports of cast aluminium alloy wheels or alloy road wheels used in motor vehicles when imported into India from People’s Republic of China, Korea RP and Thailand for a period of 6 months

Date: 10-04-2014
RBI/2013-14/560 A.P. (DIR Series) Circular No.121
External Commercial Borrowing (ECB) Policy – Review of all-in-cost ceiling

Date: 10-04-2014
RBI/2013-14/561 A.P. (DIR Series) Circular No.122
Trade Credits for Imports into India – Review of all-in-cost ceiling

Date: 10-04-2014
RBI/2013-14/559 A.P. (DIR Series) Circular No.120
Rupee Drawing Arrangement – ‘Direct to Account’ Facility

Date: 09-04-2014
DGFT Public Notice No.57/(RE 2013)/2009-14
Procedure for export of pulses to Republic of Maldives

Date: 07-04-2014
CUSTOMS INSTRUCTION
Manual filing and processing of Bills of Entry / Shipping Bills – stringent checks required to prevent misuse


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