Framework Agreement with Thailand, Text of Protocol

PROTOCOL TO AMEND
THE FRAMEWORK AGREEMENT FOR ESTABLISHING FREE TRADE AREA
BETWEEN

THE GOVERNMENT OF THE REPUBLIC OF INDIA AND THE GOVERNMENT OF THE KINGDOM OF THAILAND (hereinafter referred to as "the Parties"),

RECALLING the Framework Agreement for Establishing Free Trade Area between the Government of the Republic of India and the Government of the Kingdom of Thailand, done at Bangkok on October 9, 2003 (hereinafter referred to as "the Framework Agreement");

SEEKING to incorporate into the Framework Agreement the Interim Rules of Origin applicable to the products covered under the Early Harvest Scheme; and

NOTING that Article 12 (4) of the Framework Agreement provides that amendments thereto shall be mutually agreed upon in writing by the Parties;

HAVE AGREED AS FOLLOWS:

ARTICLE 1
Amendment to the Early Harvest Scheme

1. Article 7(2)(ii)(a) of the Framework Agreement shall be amended as follows:
   
   (ii) Tariff Reduction and Elimination
   
   (a) The products covered under this Article shall be subjected to the following tariff reduction and elimination:
   
   

   Period	Tariff reduction on applied MFN tariff rates as of 1st January 2004
   1.9.2004 – 31.8.2005	50%
   1.9.2005 – 31.8.2006	75%
   1.9.2006	100%

   
   
   
2. The following products shall be removed from Annex – I of the Framework Agreement:
   
   

   No.	HS.	DESCRIPTIONS
   18	390210	POLYPROPYLENE, IN PRIMARY FORMS
   23	390760	POLYETHYLENE TEREPHTHALATE IN PRIMARY FORMS

   
   
3. Pursuant to Article 7(2)(iii) of the Framework Agreement, the Interim Rules of Origin set out in the Annex of this Protocol shall be applicable to the products covered under the Early Harvest Scheme.

ARTICLE 2
Entry into Force

4. This Protocol shall enter into force on the 31^st of August, 2004.

IN WITNESS WHEREOF, the undersigned, being duly authorised thereto by their respective Governments, have signed this Protocol.

DONE at New Delhi this 30^thday of August, 2004 in duplicate in the English language.