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: 28-07-2014
RBI/2014-15/151 A.P. (DIR Series) Circular No. 15
Compilation of R-return: Reporting under FETERS-Discontinuation of ENC and Sch 3 to 6 file

Date: 28-07-2014
RBI/2014-15/152 A.P. (DIR Series) Circular No.16
Trade Credits for Imports into India — Review of all-in-cost ceiling

Date: 28-07-2014
RBI/2014-15/153 A.P. (DIR Series) Circular No.17
External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling

Date: 25-07-2014
RBI/2014-15/147 A.P. (DIR Series) Circular No.14
Issue of Prepaid Forex Cards- Due Diligence and Adherence to KYC norms

Date: 24-07-2014
Customs Notification No. 35/2014-Customs (ADD)
Seeks to impose definitive anti-dumping duty on imports of Rubber Chemicals originating in or exported from from China PR and Korea

Date: 23-07-2014
RBI/2014-15/144 A. P. (DIR Series) Circular No. 12
Exim Bank's Line of Credit of USD 41.96 million to the Government of the Republic of Senegal

Date: 23-07-2014
RBI/2014-15/145 A. P. (DIR Series) Circular No. 13
Foreign investment in India by SEBI registered Long term investors in Government dated Securities

Date: 23-07-2014
Customs Notification No. 30/2014-Customs (ADD)
Seeks to extend the validity of notification No. 50/2010-Cus dated 12.04.2010 for a further period of 1 year i.e. upto and inclusive of 14.06.2015.

Date: 23-07-2014
Customs Notification No. 31/2014-Customs (ADD)
Seeks to extend the validity of notification No. 9/2013-Cus (ADD) dated 26.04.2013 for a further period of 1 year ie. upto and inclusive of 29.07.2015

Date: 23-07-2014
Customs Notification No. 32/2014-Customs (ADD)
Seeks to extend the validity of notification No. 140/2009-Cus dated 12.12.2009 for a further period of 1 year ie. upto and inclusive of 21.06.2015.


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