Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Rolling back of TPP would be beneficial for India: Experts.


Date: 25-01-2017
Subject: Rolling back of TPP would be beneficial for India: Experts
NEW DELHI: Rolling back of mega trade deal Trans-Pacific Partnership (TPP) would be beneficial for India as some of its provisions are not in the country's interest, say experts. 

"The rollback of TPP should be of some relief to India since this mega regional trade agreement was threatening to re-write the trade rules, most of which were inimical to India's interests," Trade economist and Professor at Jawaharlal Nehru University Biswajit Dhar said. 

However, he cautioned that if the US withdraws from the globalisation bandwagon, there is a distinct possibility of China filling its shoes. 

Yesterday, President Donald Trump formally pulled the US out of the Trans-Pacific Partnership as he signed an executive action to withdraw from the negotiating process of the 12- nation trade deal, one of the major international trade initiatives of his predecessor Barack Obama. 

Its signatories -- Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Brunei -- together represent 40 per cent of the world economy. 

India needs to explore opportunities in all the TPP member countries to boost its trade, Professor at Indian Institute of Foreign Trade (IIFT) Rakesh Mohan Joshi said. 

Sharing similar views, a global trade analysts stated that certain provisions of TPP was against the interest of India. 

"Indian companies needs to improve their product competitiveness and standards to compete in the global markets," the analyst added. 

Earlier in the day when asked about the roll back by the US, Commerce and Industry Minister Nirmala Sitharaman said: "We can only watch because we are not part of the TPP and what the new US administration is doing is what probably they had spoken during the elections as part of their campaign. Since India is not part of TPP, we can only observe what is going on".

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025

Date: 30-04-2025
Notification No. 27/2025-Customs
Seeks to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.



Exim Guru Copyright © 1999-2025 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 InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001