India China Preferential Trade Agreement

The Asia-Pacific Trade Agreement (APTA) is a preferential trade agreement formerly known as the Bangkok Agreement. The Bangkok Agreement, signed in 1975 as an initiative of the United Nations Economic and Social Commission for Asia and the Pacific (UNSCAP), is a preferential agreement for trade relations between developing countries. The agreement is currently signed between China, Bangladesh, India, Lao, the Republic of Korea and Sri Lanka. At the first meeting of the Bangkok Agreement Council of Ministers on 2 November 2005 in Beijing, representatives of member states approved the revised text of the agreement and decided to rename the agreement as an Asia-Pacific trade agreement. Since September 1, 2006, all APTA members have successfully implemented the outcome of the third round of tariff reduction negotiations. The fourth round of negotiations, which includes tariff concessions for trade in goods, trade in services, investment, trade facilitation and non-tariff measures, etc., is under way. Note: Any customs union, every common market, any economic union, the Customs and Monetary Union and the Economic and Monetary Union are also a free trade area. (iii) If there is a reasonable doubt as to the authenticity or accuracy of the document, the importing party`s customs authority may suspend preferential tariff treatment until the result of the audit is pre-eminent. It may, however, subject to administrative measures deemed necessary, release the goods to the importer, provided that they are not subject to an import ban or restriction and that there is no presumption of fraud; and (iv) if the written consent of the exporting producer is not obtained within thirty days of the date of receipt of the statement referred to in point (i), the notifying party may refuse preferential tariff treatment to the products mentioned in that AIFTA certificate of origin that would have been the subject of the audit visit; and 1.The parties who adopt this form for preferential tariff treatment under the ASEAN-INDE Free Trade Agreement (AIFTA): 4.The exporter and/or producer of products qualified for preferential tariff treatment apply in writing to the issuing authority of the exporting party requesting control of the origin of the products before export.

The result of the audit, which must be reviewed regularly or, if necessary, accepted as proof of the origin of the products exported at a later date. Early import verification cannot apply to products whose origin can be easily verified by nature. b) For several products declared under the same AIFTA certificate of origin, a problem related to one of the positions listed does not affect the granting of preferential tariff treatment and the clearance of other products on this AIFTA certificate of origin.