India Foreign Trade Policy - 769 Words

http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/SOUTHASIAEXT/EXTSARREGTOPINTECOTRA/0,,contentMDK:20592520~menuPK:579454~pagePK:34004173~piPK:34003707~theSitePK:579448,00.html India: Foreign Trade Policy | | | | | India: Foreign Trade PolicyAlthough India has steadily opened up its economy, its tariffs continue to be high when compared with other countries, and its investment norms are still restrictive. This leads some to see India as a ‘rapid globalizer’ while others still see it as a ‘highly protectionist’ economy.Till the early 1990s, India was a closed economy: average tariffs exceeded 200 percent, quantitative restrictions on imports were extensive, and there were stringent restrictions on foreign investment. The country†¦show more content†¦It has assumed a leadership role among developing nations in global trade negotiations, and played a critical part in the Doha negotiations.Regional and Bilateral Trade AgreementsIndia has recently si gned trade agreements with its neighbors and is seeking new ones with the East Asian countries and the United States. Its regional and bilateral trade agreements - or variants of them - are at different stages of development: * India-Sri Lanka Free Trade Agreement, * Trade Agreements with Bangladesh, Bhutan, Sri Lanka, Maldives, China, and South Korea. * India-Nepal Trade Treaty, * Comprehensive Economic Cooperation Agreement (CECA) with Singapore. * Framework Agreements with the Association of Southeast Asian Nations (ASEAN), Thailand and Chile. Preferential Trade Agreements with Afghanista, Chile, and Mercosur (the latter is a trading zone between Brazil, Argentina, Uruguay, and Paraguay).World Bank InvolvementAs a number of research institutions in the country provide the Government with good, just-in-time, and low-cost analytical advice on trade-related issues, the World Bank has focused on providing analysis on specialized subjects at the Government’s reque st.In the last three years, the Bank has been working with the Ministry of Commerce in a participatory manner to help the country develop an informed strategy for domestic reform and international negotiations.Given the sensitivity of trade policy and negotiation issues, theShow MoreRelatedTrade Patterns Of China And India1355 Words   |  6 Pagesessay is an analysis and comparison of the trade patterns of China and India since 2000 and studies the effect of the regulating economic and national policies on the trade performance. 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Read MoreExim Policy1616 Words   |  7 PagesCONTENTS :- †¢ Introduction †¢ India s Exim Policy : A Backdrop †¢ The Foreign Trade Regime: Analytical Phases and Changes over Time †¢ India s Exim Policy : Phases of Changes †¢ Export Import Policy 2002-07 : Objectives †¢ General Provision Regarding Imports and Exports †¢ Promotional Measures †¢ Duty Exemption / Remission Scheme †¢ Export Promotion Capital Goods Scheme †¢ EOUs, EPZs, EHTPs, STPs †¢ Deemed Exports †¢ Summary †¢ Self-Assessment Questions †¢ Further Readings ïÆ'Ëœ INTRODUCTION