Wait...

  • >
  • >
  • >
  • Government to review FTAs' success >
  • Government to review FTAs' success
  • Online India Export Import Data Search

    Government to review FTAs' success.


    Date: 26-07-2013
    Subject: Government to review FTAs' success
    The government intends to examine the success of Free Trade Agreements (FTAs) and assess whether the trade pacts with various nations have actually delivered.

    “We did enter into FTAs and PTAs (Preferential Trade Agreements) with many countries. But again whether these FTAs and PTAs have really delivered is something that we need to very closely look at, which the government intends to do...We need to get our own house in order before we actually partner with other countries,” D Purandeswari, Minister of State for Commerce and Industry said at an event organised by the PHD Chamber on Thursday.

    Purandeswari said that the government will review what existing FTAs and PTAs have delivered before entering into new agreements with other countries.

    The minister’s comments came at the back of several critics alleging that FTAs hadn’t improved India’s exports.

    Exporters’ body, FIEO has also said that Indian exports have been hit after FTAs were signed with many countries.

    While India’s imports from Japan rose by over 3 per cent to $12.5 billion in 2012-13, its exports dropped to $6.26 billion in 2012-13 from $6.32 billion in 2011-12. India and Japan had inked the trade pact in 2011. India’s imports from Malaysia jumped by 9 per cent to $10.43 billion in 2012-13, from  $9.55 billion in 2011-12.

    When asked the measures the government was taking to put in place a single-window clearance mechanism and eliminate red tapism to attract more foreign investments, Purandeswari said the Ministry has undertaken a pilot project on a portal ‘ebiz’ to address investors’ concerns.

    Source : newindianexpress.com

    DO YOU NEED HELP?







    Enquiry Form

    Fields marked with an asterisk * are required.

     

    +



    What is New?

    Date: 22-07-2016
    DGFT Public Notice No. 23/2015-2020
    Removal of M/s Trans Border Safety Contral Inspection Services LLC, USA from the list of Inspection and Certificate Agencies ( Appendix 2 G)

    Date: 22-07-2016
    Customs Circular No. 33/2016
    Review of entity based facilitation programmes viz. Accredited Client Programme (ACP) and Authorized Economic Operator (AEO) programme — Revised Guidelines.

    Date: 21-07-2016
    Customs Notification No. 102/2016 (NT)
    Rate of exchange of conversion of the foreign currency with effect from 22nd July, 2016

    Date: 21-07-2016
    Central Excise Circular No. 1039/27/2016-CX
    Classification of Micronutrients, Multi-micronutrients, Plant Growth Regulators and Fertilizers-clarification regarding classification of Glyphosates

    Date: 21-07-2016
    Trade Notice No. 11/2015-20
    Deduction of State/ Central Taxes collected from the customers while calculating foreign earnings for SFIS/SEIS Schemes.

    Date: 20-07-2016
    RBI/2016-17/22 DCM (FNVD) G–6/16.01.05/2016-17
    Master Circular – Detection and Impounding of Counterfeit Notes

    Date: 20-07-2016
    RBI/2016-17/23 DCM (CC) No.G-3/03.44.01/2016 – 17
    Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public

    Date: 20-07-2016
    Trade Notice No 10/2016
    Closure of EPCG authorizations in case of supplies to SEZ units which have been made prior to 01.04.2015 and where exports proceeds have not been realized through Foreign Currency Account (FCA) of the SEZ unit.

    Date: 20-07-2016
    CUSTOMS INSTRUCTION
    Regarding extension of benefit of Notification No. 24/2005 on micro/mini SD card

    Date: 19-07-2016
    Central Excise Circular No. 1037/25/2016-CX
    Classification of Tamarind Kernel Powder under CETA, 1985



    Exim Guru Copyright © 1999-2016 Exim Guru. All Rights Reserved.
    The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
    Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

    EximGuru.com

    C/o Infodrive India
    E-2, 3rd Floor, Kalkaji Main Road
    New Delhi - 110019, India
    Phone : 011 - 40703001