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FTA with Korea - a landmark achievement
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Bikky Khosla | 11 Aug, 2009
The recent signing of the Free Trade Agreement (FTA) between India and Korea is indeed a landmark achievement which can improve bilateral agreements in areas including but not limited to automobile, components, heavy engineering, electronics and electrical appliances.
At a time when the industry was feeling the heat owing to the slump in demand from traditional trading markets of US and Europe, the 'Look East' policy can help exporters to counter the effects of recession.
As per the agreement, South Korea will do away with duties on 93 percent of its industrial and agricultural products and India will reciprocate by eliminating duties on 85 percent of its goods. India has however excluded sensitive items like farm products, textile items and built up automobiles from tariff elimination commitments. These duties will be phased out on most of these products in the next couple of years.
Another positive sign I see from the pact is the fact that Korea being one of the developed nations in ASEAN, the FTA between India and Korea will, without doubt, further facilitate and expedite the FTA between India and ASEAN. If it is inked, it would be a tremendous achievement.
The exim community now should take advantage of the recently signed India-Korea FTA and look at not only exploring the markets there, but also to expand their trade basket.
Particularly small and medium enterprises (SMEs) can look at partnerships with companies in Korea. India also has a competitive edge in areas like R&D services, consultancy services, printing and publishing services, telecommunication services, educational service and tourism amongst others.
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FTA WITH KOREA
RAJNISH VERMA | Thu Mar 15 05:39:31 2012
PLEASE SEND A LIST OF ITEMS
List of items
sunny gupta | Mon Feb 6 14:48:17 2012
please send me the list of items under FTA between India and South Korea. My mail id is sunny.g84@rediffmail.com
FTA
pawan agarwal | Sat May 8 08:38:43 2010
List of items covered in FTA with korea
list of item covered in FTA
munish garg | Thu Jan 21 14:08:11 2010
pls. send the complete list of item of both country india and south koria in FTA agreement .our mail id is;-shilpimanish@yahoo.com.
List of items covered in FTA
swarna | Sat Dec 12 07:00:49 2009
Dear All Does anybody have list of items listed in this FTA. Pls forward at swarna.prn@gmail.com
Can we Export Fresh fruits and other agricultural Products in new FTA
Kumar | Wed Nov 18 19:55:05 2009
At Present Fresh fruits Basmati rice, spices are not allowed to import from India to South Korea after newely signed
FTA ,India can export this items to south
korea.pls reply to kuhong@biznetvigator.com Hong Kong
Thanks
coated fabrics
kailash vashist | Fri Nov 13 12:44:39 2009
i hope coated fabrics-polyester,nylon does not come under textile products because it is not used for readygarments and just for luggage and backpacks. under FTA how much percent of exception of duties will be given; will duties cost more than the neighbouring countries like Nepal,Bangladesh, srilanka?
List of Items
Rohit Gupta | Fri Nov 6 06:34:56 2009
Dear All
Does anybody have list of items listed in this FTA.
Pls forward at dcrohit@yahoo.com if available.
Tks, brgds
what if we import ferrous & non-ferrous metals from korea
m.k.gupta | Fri Aug 14 13:16:40 2009
pl. clarify if we will import ferrous & non-ferrous metals from korea
then will that be duty exempted
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Re: what if we import ferrous & non-ferrous metals from korea
RAJAGOPAL | Tue Aug 25 12:59:03 2009
IF I IMPORT NON FERROUS ITEMS FROM KOREA, WILL IT BE DUTY EXEMPTED.
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FTA with Korea
Bhanu Prakash | Wed Aug 12 05:46:08 2009
Before I start, two quick facts about FTAs and their usefulness to improve global standards of health, education, climate change etc
ASEAN 3 is a trade body consisting of China, Korea, Taiwan and the ASEAN group.
India currently has none with ASEAN, but one with Korea,
i think eventually this multitude and plurality of global contexts will dawn on political leadership in respective countries and would bring down the FTA band wagon, as an idea to improve the global standards.
Korea/ India FTA
Geoff Jordon - Australia | Wed Aug 12 04:36:12 2009
Dear Bikky,
FTA's need ALL tariff barriers to be broken. One cannot do business with ones hand tied behind his back.
Its six of one and half a dozen of the other.
While some manufactured products receive protection and favourable treatment others are left out in the cold.
An FTA is an FTA no exceptions. But in India it depends who lobbys the strongest and who shouts the loudest
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Re: Korea/ India FTA
Wm | Wed Aug 12 15:05:53 2009
FTS are great for business and businessmen.. Who ever has the cheapest labor wins. Wonderful idea.. soon the whole world will be working for 35Cents a day while the Corporate managment, Government Leaders and Investors Class ride around in Limos and Lear Jets both built by laborers at that same 35 Cents an hour.
Such Brilliant minds..
Bah Humbug
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Re: Korea/ India FTA
Vinay Joshi | Wed Aug 19 19:47:12 2009
Dear Mr.Geoff Jordon,
In the first place i appreciate your participation.
Do you know Australia's WTO stand on various issues? Do you know US/EU stand on farm produce?
The US cow has more Govt. subsidy per day basis than an African family starving to death!
Regards,
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