Free Trade Agreement India And Malaysia

AITISA came into force on 1 July 2015 for six ASEAN member states, namely Brunei Darussalam, Malaysia, Myanmar, Singapore, Thailand and Vietnam, as well as India. The agreement also came into force on 15 September 2015 and 6 December 2016 for the PDR in Lao and the Philippines. Trade with India was $10.77 billion ($44.50 billion.RM) out of $12.02 billion ($46.80 billion.RM), down 4.9% from 2015; The signing of the ASEAN-India Trade Agreement (AITIGA) on 13 August 2009 in Bangkok paves the way for the creation of one of the world`s largest free trade zones, with nearly 1.8 billion people and a combined gross domestic product (GDP) of $4.5 trillion. A free trade agreement is an international agreement between two or more countries to reduce or remove trade barriers and achieve closer economic integration. MICECA is a comprehensive agreement covering trade in goods, trade in services, investment and the transport of individuals. It increases the benefits of the ASEAN-India Trade Agreement (AITIG) and will continue to facilitate and improve trade, services, investment and economic relations in both sectors in general. How do I know if my product is eligible for tariff concessions? . Under MICECA, Malaysia and India will gradually reduce or eliminate tariffs on their respective industrial and agricultural products. The modality of tariff liberalization under MICECA is AITIG plus, with fewer products except tariff concessions (reduction or removal) and the time to reduce or abolish tariffs is shorter. The main features of the TARIFF liberalisation package under MICECA are: . Preferably with Internet Explorer 10 or more with Resolution 1280 x 800 the earliest price for materials, parts or products of indeterminate origin in the territory of the contracting part where the opening or processing takes place.

. If you export to India, click on this link to check the preferential rates under MICECA: however, to qualify for preferential rights, it must comply with the rules of origin (ROO) to MICECA. . Qualifying value contained no less than 35% of the FOB value. . Tariffs (produced under the ASEAN-India Comprehensive Economic Cooperation Agreement) Order 2009 There have been significant changes in the change in the tariff classification in the six-digit HS subheading (HSC); AND the value of non-native materials must be as follows: MICECA also contains a specific chapter that facilitates the temporary entry into India of installers and contract service providers, independent professionals and business visitors (including potential investors) from Malaysia, and vice versa. Ms Wong Pik Sieng DL: 03-6208 4723 E-mail: AITISA contains provisions on transparency, national rules, recognition, market access, national treatment and dispute resolution. Indian offerings include professional, medical and dental services, COMPUTER services, communications, construction, finance, health, tourism and transportation services. . At the 2nd ASEAN-India Summit in 2003, the Heads of State and Government signed the ASEAN-India Framework Agreement on Comprehensive Economic Cooperation. It must be fully purchased in the country of origin; OR How can I apply for a preferential certificate (PCO)? India will commit tariffs on refined palm oil (RPO) to 45% by 31 December 2018 (one year earlier than the timetable for India`s IATIG Commitment).