India's Trade Performance: Trends, Tariffs, and International Participation

1 Trade Performance of India: Trends In Trade, Tariff & Participation In International Trade Regimes.

2 Index Key Highlights Page- 3 Overall Growth Of Trade Page- 4 Trend In Merchandise Trade Trends In Services Trade Page- 5 Page- 6 Export To GDP Ratio Page- 7 Major Export Destinations & Import Sources Page- 8 Top Export Commodities Top Import Commodities Top Categories of Services Export Top Categories of Services Import Trade With ASEAN Trade With West Asia & North Africa (WANA) Trade With Latin America & Caribbean ( LAC) Trade With Commonwealth Of Independent States (CIS) region Trade With NAFTA Countries Trade With European Union (EU) International Investment Scenario: FDI Flows Major Bilateral and Plurilateral Trade Agreements Page- 9 Page- 10 Page- 11 Page- 12 Page- 13 Page-14 Page- 15 Page- 16 Page- 17 Page- 18 Page- 19 Page- 20 To 23 Participation in Key International Trade Organizations & Multilateral platforms of Trade Negotiations Page- 24 To 26 Tariff Policy Important Export Promotion Scheme List Of Sources Abbreviations Page 27, 28 Page- 29 , 30 Page- 31 Page- 32

4 India s exports reached USD 497.90 billion while imports reached USD 512 billion during FY2020-21; Engineering goods , petroleum products, computer & IT services are major export categories whereas imports are mainly dominated by petroleum & mineral products. Overall Growth Of Trade 800 640.1 603 583.1 Value in US$ Billion 547.1 538.1 526.6 512 600 498.6 497.9 480.2 479.1 465.6 440 416.6 400 200 0 2015-16 2016-17 2017-18 2018-19 Year 2019-20 2020-21 April-Dec 2021 E -40.2 -49 -200 -76.4 -84.5 -102.1 -68.1 -14.1 Exports Imports Trade Balance The main services exports are computer, telecommunications telecommunications services services. Imports continued to be dominated by petroleum products products. . India s overall exports in 2020-21 reached USD 497 growth rate of - - 5 5. .44 44 %(Y-O-Y), mainly due to supply chain disruptions caused due to Covid 19 lockdown. Low Trade deficit in 202-21 can be attributed to healthy growth growth in sectors such as engineering goods , gems &jewelry , pharmaceuticals , chemicals & net net surplus Overall exports increased from USD 416 USD 538 538 billion in 2018-19 & then declined to USD 526 2019-20. The decline in exports is attributed to a a subdued external external demand demand weakened by slowdown Imports increased from USD 465 640 640. .1 1 billion in 2018-19 & then declined to to USD 2019-20. The fall in imports was mainly on account of fall in industrial production activities and domestic consumption. Engineering Engineering goods goods ,petroleum ,petroleum & & mineral stones stones & & metals, metals, chemicals, chemicals, textiles textiles are top categories of exports. computer, information information and and 416. .6 6 billion in 2015-16to 526 billion in subdued investment. petroleum & & mineral mineral slowdown in in global 465. .6 6 billion in 2015-16to USD USD 603 global investment 497. .90 90 billion, with 603 billion in healthy export export mineral products, products, precious precious surplus in in services services.

5 Merchandise exports began to rebound due to increasing demand & expansionary monetary policy adopted by developed countries in response to the impact of covid pandemic; Heavy dependence on imports of essential commodities has kept trade deficit at high level. Trends In Merchandise Trade 514.08 600 474.71 465.58 443.82 394.44 384.36 381.01 Value in US$ Billion 330.08 313.96 400 303.53 301.38 291.81 275.85 262.29 200 0 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 April-Dec 2021 E -200 -108.5 -118.72 -162.05 -142.44 -184 -161.35 -102.63 -400 Year Exports Imports Trade Balance Organic & Inorganic Chemicals; Cotton Yarn/Fabs./made-ups, Handloom Products etc.; Petroleum Products; Other cereals; Marine Products; Mica, Coal & Other Ores, Minerals including processed minerals; Plastic & Linoleum and Engineering Goods are high performing commodities for exports. Imports grew at average annual growth rate of 1 1. .9 9% %. . In 2019-2020 & 2020-21 imports declined by- -7 7. .8 8% % & & -16.91 %. . Heavy dependence on imports of essential commodities including crude oil, gas, coal, pulse, edible oil, fertilizers, electronics, footware etc. has kept trade deficit at high level. From the year 2015-16 to 2019-20,merchandise exports show increasing trend with average annual rate of increase of 1 1. .7 7% % Exports declined declined in 2019-2020 due to lowered external demand & in 2020-21 due to covid lockdown situation. However, exports began to rebound in 2021. Increased demand that was not met due to covid pandemic, expansionary expansionary monetary monetary policy policy adopted by developed countries in response to the impact of covid pandemic has boosted demand. U S A, China, U A E, Hong Kong, Bangladesh are top export destinations.

6 India has a net surplus in its services trade. Computer, information & telecommunication services remain the largest category of services exports. Trends In Services Trade 400 Unlock Full PPT@ Best Price Value in US$ Billion 300 200 100 0 2015-16 2016-17 2017-18 2018-19 Year 2019-20 2020-21(P) April-Nov 2021 Exports Imports Trade Balance net surplus surplus in its services trade. Robust services Download Now. Use It Forever India has a net surplus provides a steady flow of current receipts, financing 53.9% of the merchandise trade deficit in 2019-20 The pandemic, the subsequent lockdown and social distancing xxxxxxxxxxxxxxxxxxxxxxxxxxcompared to US$ 213.19 billion in 2019-20, which is a negative negative growth growth of of ( (- -) ) 3 3. .33 Services exports contribute to 40 growing at faster rate than merchandise exports. Expected rebound in inbound tourism & growing demand for Indian services in the field of medicines, law& even gaming will help boost exports further. The major categories of services imports included business services, transportation, travel and software services. 40% % of total exports but, has been 33% %. .

7 Overall merchandise export to GDP ratio shows declining trend whereas overall services export to GDP ratio shows uptrend. Export To GDP Ratio Exports as percentage of GDP Overall Merchandise export to GDP ratio shows declining trend from 5.1% in 2015-16 to 11% in 2020-21. The slowdown of xxxxxxxxxxxxxxxxxxworld exports stands at 1.6% in 2020. Indiaxxxxxxxxxxxxxxxxxxxxxxxxxx Overall xxxxxxxxxxxxxxxxxxxxfrom 4.7% in 2015- 16 to 7.7% in 2020-21. India is 7thxxxxxxxxxxxxxxxxx 16 Unlock Full PPT@ Best Price 14 12 10 7.7 7.7 7.4 8 6 4.7 4.15 3.99 4 Download Now. Use It Forever 2 Merchandise Export Services Export 0 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21

8 USA, China & UAE are top trading partners of India. Major Export Destinations And Import Sources Top Import Destinations (USD Billion) Top Export Destinations (USD Billion) 55.17 53.51 51.63 Unlock Full PPT@ Best Price 28.85 21.19 10.97 9.69 19.89 17.02 16.68 16.61 10.16 10.53 8.2 8.43 China USA U.A.E. Switzerland Saudi Arabia USA China U.A.E HongKong Bangladesh 2019-2020 2020-21 April-December2021 2019-20 2020-21 April-December2021 USA USA remains the top machinery, aircraft, organic chemicals, and pharmaceutical products. In bilateral services trade, travel was the top import for India while telecommunications, computer, and information services was the top Indian Export. Cxxxx Cxxxx is is the the top top supplier supplier of India with xxx share in India's total imports.in 2020-21. Key imports from China include smartphones, components for smartphones and automobiles, telecom equipment, plastic and metallic goods, active pharmaceutical ingredients (APIs), and other chemicals Whereas Raw material exports xxxxxxxxx outbound xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxand cotton figuring among key export items. Other key exports to China include iron and steel, seafood and engineering goods. xxx. remains the xxxx for India. Top traded goods include Petroleum Products, Precious Metals, Stones, Gems & Jewellery, Minerals, & Chemicals. destination & 2 2nd nd largest largest import top export export destination import supplier supplier. Top traded goods include mineral fuels, precious metals & stones, Download Now. Use It Forever

9 Engineering goods, Gems & Jewelry , petroleum products , pharmaceuticals are top export commodities which together hold ~52.43% share in total exports. Top Export Commodities Exports of Top 10 Commodities (USD Billion) Engineering goods claimed the highest share during t with ~26.29% share in in the year 2020-21. Gems & Jewelry claimed 8.92% share during the same period followed by petroleum products with 8.84% share, pharmaceuticals 8.38% share & organic & inorganic chemicals constitute 7.57% share during year 2020- 21. Exports of Pharmaceuticals & rice showed positive growth of 18.07% &37.89% respectively. In 2020-21 compare to 2019-2020 & organic chemicals grew 0.03% during the same period. All other top 10 commodities exhibited negative growth in the same period. Out of 200 countries, there are 59 countries where exports are going more than their respective average targets. Tuvalu, Kiribati Maldives and Tonga are top 5 high performers in 2021. 7.32 Plastic and linoleum 7.46 7.55 8.83 6.83 Rice 6.4 11.29 9.83 Cotton yarn/fabs./made-ups, handloom 10.03 11.02 Electronic goods 11.09 11.7 11.12 Ready made garments of all textiles 12.27 15.49 21.38 Organic and inorganic chemicals 22.09 22.08 24.44 18.18 Drugs and pharmaceuticals 20.7 43.88 Petroleum products 25.8 41.29 28.91 Gems and jewellery 26.02 35.9 81.76 Engineering goods 76.72 Rep., Turkmenistan, 78.7 0 20 2020-21 40 60 80 100 April -December 2021 2019-20

10 Imports are dominated by petroleum, crude which accounts highest 20.96% share in total imports of India. Top Import Commodities Imports Top 10 Commodities (USD Billion) Imports are dominated by ****** which accounts highest ****% share. ******are the 2nd highest imported commodity which held ****% share during 2020-21 followed by *** with ****% share, machinery & electrical equipment with 7.63% share, organic & inorganic chemicals with 5.03% share in total imports. China is the largest source of Import followed by xxxx,xxxxxxxx,xxxxx,xxxxxxxx. Import value of all imports from xxxx reached 67.66USD billion during April-December2021 from 65.21USD billion in year 2020-21. Import value of all imports from xxx & xxx reached 32.27USD billion & 33.06USD biilion respectively during April-December 2021 from 28.89 USD billion & 26.62 USD billion in year 2020-21. Iron and steel Unlock Full PPT@ Best Price Artificial resins, plastic materials, etc. Coal, coke and briquettes, etc. Transport equipment Pearls, precious and semi-precious stones Download Now. Use It Forever Organic and inorganic chemicals Machinery, electrical and non-electrical Gold Electronic goods Petroleum, crude and products 0 50 100 150 April -December 2021 2020-21 2019-20

11 Computer information & telecommunication services remains the single largest category of services exports; travel & transportation are other categories whose share in total services export has increased. Top Categories Of Services Exports Share Of Top Categories In 2019-20 Share Of Top Categories In 2015-16 Total Exports = USD213.19Billion Total Exports = USD***Billion Unlock Full PPT@ Best Price Download Now. Use It Forever Computer Information& Telecommunication Services remain************************ es exports which **********% share in exports. Share of Computer Information& Telecommunication Services, Financial services & Other business services shows declining trend in 2019- 2020 compare to *****************travel services category.

12 xxxxxxx is the major category of services import; the category exhibit declining trend claiming xxxx% share in 2019-20 compare to xxxx% share n 2015-16. Top Categories Of Services Imports Share Of Top Categories In 2019-20 Share Of Top Categories In 2015-16 Download Now. Use It Forever Total Imports = USD128.27Billion Total Imports = USD84.63Billion xxxx is the major category of import which includes services such as xxxxxxxxxxxxxxx, trade xxxxxxxxxxxxxxxx, legal xxxxxxxxxxservices, waste treatment ,xxxxxxxxxxx,n. are other top import categories. Travel , Transportation, Charges for the use of xxxxxx& Computer Information& xxxxxxxxx Services All other categories except Computer Information& xxxxxxxxxxx Services exhibit xxxxxxin total import share in 2019-2020 over 2015-16. Unlock Full PPT@ Best Price

13 Trade with ASEAN contributed 11.50% share of India s total trade in the year 2020-21; Singapore ,Indonesia, Malaysia, Vietnam & Thailand are top trading partners of India among ASEAN countries. Trade With ASEAN Trade With ASEAN (USD Billion) Economic cooperation with ASEAN is one of the key objectives of India s xxxxxxxxx. India s trade with ASEAN countries was US$ 78.91 billion during the year 2020-21 and US$ 68.72 billion during November). Trade with ASEAN contributed xxxxxxx share of India s total trade in the year 2020-21 The principal commodities of export include xxxxxxxxxxxxxxxxxBovine Meat. The principal commodities of xxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxare top trading partners of India among ASEAN countries. 96.79 78.9 68.72 59.32 47.42 41.78 2021-22 (April - 2018-19 2020-21 April-November 2021 (P) Export Import Total Trade Top 5 Trading Partners (USD Billion) 2018-19 Download Now. Use It Forever Export Import import include Singapore Indonesia Malaysia Vietnam Thailand 2020-21 Singapore 11.17 Indonesia 11.23 Malaysia April Nov2021(P) Vietnam Thailand 7.72 5.81 4.37 Singapore Indonesia Malaysia Vietnam Thailand

14 The total bilateral trade between India and WANA region was US$ 119.81 billion in 2020-21; UAE & Saudi Arabia are top trading partners of India in this region. Trade With West Asia & North Africa (WANA) Value Of Trade With Top Trading Partners In 2020-21(USD Billion) Trade With WANA Region For The Year 2020-21 (USD Billion) Kuwait 6.2 81.27 Qatar 9.2 38.54 Iraq 15.78 Saudi Arabia 22 UAE 43.32 Export Import Export Import 0 10 20 30 40 50 The total bilateral trade between India and WANA region was US$ 119.81 billion in 2020-21. Major commodities of export from India to this region include petroleum products, gold and other precious metal jewelry, basmati rice, pearls, precious and semiprecious stones. Crude petroleum, petroleum products, pearl, precious and semiprecious stones, manufactured fertilizers, etc. are the leading commodities imported by India from WANA region. UAE, Saudi Arabia, Iraq are top 3 trading partners of India in WANA region.

15 LAC region accounts for 3.30 % of India s Global trade; India s exports are dominated by finished products while imports are dominated by inputs & raw materials; ***** is the largest trading partner in this region. Trade With Latin America & Caribbean (LAC) region Total Bilateral Merchandise Trade (USD Billion) Value Of Merchandise Export & Import (USD Billion) 2019-2020 2020-2021 Export Import 2000-01 2020-21 Download Now. Use It Forever Total bilateral merchandise trade increased from US$ 1.49 billion in 2000-01 to US$ 22.58 billion in 2020-21. This region accounts for 3.30 % of India s Global trade. India s exports to LAC has increased by 0.45% while imports from LAC has decreased by (-) 26.93% during 2020-21 compare to 2019-2020. Largest importers of Indian merchandise in LAC Region are Brazil (42.01 %), Colombia (8.56 %), Chile (7.97 %), Peru (7.57 %), Argentina (6.81 %). India s **************************%), Bolivia (9.29 %). India s exports to LAC region arexxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Unlock Full PPT@ Best Price

16 Total bilateral trade reached USD 13.21 billion in the year 2020-21. The Russian Federation continue to be India s most important trading partner in the CIS accounting for about 72.2 % of India s total trade. Trade With The Commonwealth of Independent States (CIS )Region 12.8 15 11.9 9.4 9.1 8.2 Value in US$ Billion 10 4.1 4 3.4 3.1 3 5 0 2017-18 2018-19 2019-20 2020-21 April-Nov 2021 -5 -5 -5.9 -5.1 -10 -7.7 -9.8 -15 Exports Imports Trade Balance Total bilateral trade reached USD 13.21 billion in the year 2020-21 viz. -17.97% compare to previous year. The CIS region had a share of 1.17 % in India s total export and 2.17 % in its total import during April-November 2021. The principal commodities of export to the CIS region include pharmaceutical products, Electrical Machinery and equipment, Machinery and mechanical appliances, Organic chemicals, coffee, tea and spices, iron and steel, vehicles other than railway or tramway rolling stock, fish and crustaceans and cereals. Important items of import to India from CIS region are Mineral fuels and oils, Animal or vegetable fats and oils, Fertilizers, Natural or cultured pearls, precious or semi-precious stone, ships, boats and floating structures, inorganic chemicals, paper and paperboard, plastic, salt, sulphur, machinery and mechanical appliances . The Russian Federation continue to be India s most important trading partner in the region accounting for about 72.2 % of India s total trade with CIS region during April-November 2021. Ukraine is India s second largest trading partner accounting for about 16.98% of India s total trades in this region.

Unlock Full PPT@ Best Price 17 While India has an overall trade surplus in goods with NAFTA Countries as a result of substantial trade surplus with USA, it has a trade deficit with Canada and Mexico. Trade With The North American Free Trade Agreement (NAFTA) Countries Trends In Merchandise Trade (USD Billion) Exports Imports The U.S.A. continues to be the largest trade partner of India. India s total bilateral merchandise trade with to FY While India has an overall trade surplus in trade surplus with USA, it has a trade deficit with Canof India s trade with NAFTA countries has increased from 11.67to 13.42 % in 2020-21. Share of India s Exports to NAFTA countries . Trade Balance 2016-17 2017-18 2018-19 2019-20 2020-21 Canada Download Now. Use It Forever USA Mexico 2016-17 2017-18 2018-19 2019-20 2020-21 2016-17 2017-18 2018-19 2019-20 2020-21

Unlock Full PPT@ Best Price 18 During 2021-22 (April-December), total bilateral trade with the EU stood at US$ 81.76 billion, registering a growth of 46.69% over the corresponding period of previous year. Germany is the biggest trading partner in EU region. Trade With European Union (EU) Region Total Bilateral Trade (USD Billion) Imports (USD Billion) Exports (USD Billion) Import Export Canada 2020-21 (April- December) 2021-22(April-December) 2020-21(April-December) 2021-22(April-December) During 2021-22 (April-December), total bilateral trade with the EU stood at US$, registering a growth of xxxover the corresponding period of previous year. Exports to EU increased by 62.32% while imports from EU increased by 31.25% from 2020-21(April December) to 2021-2022(April- December). Important issues in India s trade with the EU are sanitary and phyto-sanitary standards, technical barriers, complex system of quota/tariff, anti- dumping/safeguard measures against Indian products, etc. which have a bearing on market access for India s exports to the EU. xxxxxxxxxxxxxxxxxxxxxxxare top trading partners of India in EU region. Download Now. Use It Forever

Unlock Full PPT@ Best Price 19 India is a net recipient of FDI; International Investment Scenario: FDI Flows FDI Outflows (USD Billion) FDI Inflow (USD Billion) 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21(P) 2021-22 (Upto Septmber) 2015-16 2016-17 2017-18 2018-19 2019-20 India is a net recipient of FDI. FDI inflows xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxin 2020-21 from USD 55.6 billion in 2015-16. Singapore, Mauritius, Netherlands, US, xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxof FDI flows to India . The major FDI recipient sectors include services sector; computer software and hardware, communications services, financial services, retail and wholesale trade and financial services. xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxFDI in computer software and hardware has increased rapidly, from 7.7% in 2014/15 to 17.0% in 2019/20; The automobile industry continues to attract FDI, in part due to the large domestic market and relatively high tariffs. -Net outward FDI by India has shown a mixed trend during the review period. The major xxxxxxxxxxxxxin 2019-20 included xxxx, xxxx, xxxxxxx, xxxxxxxs and xxxxxxxxxxx xxxxxxxx, xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxservices sector accounted for the largest share in outward FDI by India in 2019-20, followed by manufacturing, wholesale and retail trade, restaurants and hotels, transport, storage and communication services and construction. Download Now. Use It Forever

Unlock Full PPT@ Best Price 20 India has bilateral trade association with major players in east Asia & north east Asia with focus on goods, services as well as investment. Major Bilateral and Plurilateral Trade Agreements : Chart 1/4 Region Agreements Countries Involved Scope Of The Agreement Brunei, Cambodia, India, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam Includes goods, services as well investment. India grants preferential treatment on imports originating from ASEAN; The average tariff applied was relatively low @5% in 2019-20; the number of duty-free lines exceeds 73% SEAN-India Free Trade Area (AIFTA ) International East Asia Download Now. Use It Forever North East Asia

21 India grants low tariff of as low,India has also engaged in transit agreements with neighbouring states such as Bhutan & Nepal for trade facilitation. Major Bilateral and Plurilateral Trade Agreements : Chart 2/4 Region Agreements Countries Involved Scope Of The Agreement International South Asia Unlock Full PPT@ Best Price India, Bhutan Includes goods. No basic customs duty is levied on import of any product from Bhutan or export to Bhutan. Further, the trade is carried out in Indian Rupees and Bhutanese currency (Ngultrums). The Agreement provides transit facilities to landlocked Bhutan to facilitate its trade with third countries and movement of goods from one part of Bhutan to another through Indian territory Download Now. Use It Forever India-Bhutan Agreement on Trade, Commerce and Transit India- India, Mauritius Includes goods & services. It covers 310 export items for India. As regards trade in services, Indian service providers will have access to around 115 sub-sectors from the 11 broad service sectors. Mauritius CECPA Sub- Saharan Africa Under Negotiation India and Southern African Customs Union (SACU)-PTA South Africa, Botswana, Lesotho, Namibia, Swaziland

22 Trade agreement with UAE will benefit India to get preferential market for over xxxxxx of its tariff lines which account for xxxxxxxxof Indian exports to the UAE; Free Trade Agreements with xxxxxxxxxxxUnion are under negotiation, which upon completion, will boost trade further. Major Bilateral and Plurilateral Trade Agreements : Chart 3/4 Region Agreements Countries Involved Scope Of The Agreement International Unlock Full PPT@ Best Price Download Now. Use It Forever

23 Bilateral negotiations of Free Trade Agreements with Georgia, EU, UK, EFTA are under progress. Major Bilateral and Plurilateral Trade Agreements : Chart 4/4 Region Agreements Countries Involved Scope of the Agreement International Download Now. Use It Forever

24 India has been actively such as GSTP & BIMSTEC Participation In Key International Trade Organizations & Multilateral Platforms Of Trade Negotiations : Chart 1/3 United Nations Conference on Trade and Development (UNCTAD) Download Now. Use It Forever Bay of Bengal Initiative on Multi- Sectoral Technical and Economic Cooperation (BIMSTEC) Global System of Trade Preferences (GSTP) World Trade Organization (WTO) It is a regional organization, comprising 7 member States- Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand. It is a Geneva-based organization, which governs the multilateral trading system by offering a forum for negotiating trade agreements, monitoring trade policies and settling trade disputes among its 164 member countries. The Agreement establishing the Global System of Trade Preferences (GSTP) was signed on 13th April 1988 at Belgrade. UNCTAD aims at integration of developing countries into the world economy. International Unlock Full PPT@ Best Price

Unlock Full PPT@ Best Price 25 & developing economies in the world. Participation In Key International Trade Organizations & Multilateral Platforms Of Trade Negotiations: Chart 2/3 ) multilateral trading system etc. International Download Now. Use It Forever

26 India is KPCS focusing on diamond certification. Participation In Key International Trade Organizations & Multilateral Platforms Of Trade Negotiations: Chart 3/3 It is a unilateral preferential tariff system which provides tariff exemption/reduction on products originating from developing countries & LDCs. GSP scheme has been extended to Indian products by 11 countries namely, Australia, Belarus, Bulgaria, EU, Japan, Kazakhstan, A trilateral initiative, launched in 2021 by the Trade & Industry Ministers of Australia, India and Japan to enhance the resilience of supply chains in the Indo-Pacific Region and develop dependable Unlock Full PPT@ Best Price India is one of the founding members of ESCAP, the regional development arm of the UN. Consisting of 53 Member States and 9 Associate Members, with a geographical scope stretches from Turkey in the west to the Kiribati in the east, and from the Russian Federation in the north to New. government) Each participant imposes internal controls over production & trade of rough diamonds; bans trading in rough diamonds with a non- participant &requires certification for all exports of rough diamonds KPCS currently have 56 participants including EU.as one member. International Download Now. Use It Forever

27 India s Simple MFN Applied Tariffs are relatively high in general and with respect to agricultural Sector in particular. Tariff Policy India s Applied MFN Tariffs% (Agricultural/Non Agricultural Goods ) India s MFN Tariff Rate (Simple And Weighted Average) 20 Simple Average Applied Tariff Rates 50 15 40 10 30 20 5 Unlock Full PPT@ Best Price 10 0 2007 2015 2017 2018 2020 0 2016 2017 2018 2019 2020 Simple Average MFN Applied Tariff Agricultural Non Agricultural Trade Weighted Average MFN Tariff India s tariffs are in double digit with xxxxxxxxxxxxxxxxxxxxxx. The simple average Agricultural MFN applied tariff are much high at xxxxxxxxxxxxxxxxMFN applied tariffs rate of 11.9% in 2020. Agricultural commodities such as xxxxxxxxxxxxxxxxxxxxface one of highest tariffs in India. The top destinations of India s exports of Agricultural items are xxxxxxxxxxxxxxxxxxx; and of Non-Agricultural items are xxxxxxxxxxxxxxxxxx Download Now. Use It Forever

28 The applied MFN tariff consist of tariff 11,900 lines with most tariffs lines (93.9%) are subject to ad valorem rates. Tariff Policy Tarff Lines Overview The XXXXXXXXXXXXXXXXXXXXXat the eight-digit level in the HS2017 nomenclature. India uses both ad valorem and non-ad valorem tariff rates; XXXXXXXXXXXXXXXXXad valorem rates. There are 725 tariff lines (6.1% of the total) subject to XXXXXXXXXXXXXX), and crude petroleum) while other 721 carry mixed duty with an ad valorem and/or specific duty component. The mixed duties continue to apply to textiles and XXXXXXXXXXXXXXand to natural rubber products. The highest rates, XXXXXXXXXXsuch as alcoholic beverages XXXXXXXXXXXXXXXXXXanimals and their products; fruit, vegetables and plants; coffee and tea; and certain motor vehicles, with tariffs of 100% Tariff Lines Particulars 2014-15 2019-20 2020-21 Bound Tariff Lines (% Of All Tariff Lines) XXXXXXXXXXXXX Tariff Lines Having Duty-free Rates Unlock Full PPT@ Best Price Tariff Lines Having Ad Valorem Rates (>0%) XXXXXXXXXXXX Tariff Lines Having Specific Rates Download Now. Use It Forever Tariff Lines Having Mixed Duties

29 Merchandise Exports From & service providers more competitive & sustainable in global market. Important Export Promotion Schemes Merchandise Exports from India Scheme (MEIS) and) xxxxxxxxxxxxxxxxxxxxxxx. 1 Unlock Full PPT@ Best Price Enables exporters to import inputs duty-free, includingxxxxxxxxxxxxxxx Duty Remistion Schemes 2 Export zones Export Oriented Units (EOU) Scheme, the Export Processing Zones (EPZ)/Special Economic Zones (SEZs) Scheme, the Electronics Hardware Technology Parks (EHTP) Scheme, the Software Technology Parks (STP) Scheme and the (BioTechnology Parks) BTP Scheme xxxxxxxxxxxxxxxxxxxxxxof these schemes are to promote exports, enhance foreign exchange earnings, attract investment & employment generation. 3 Download Now. Use It Forever

30 Transport & marketing assistance, capacity development, duty remission & exemption etc. are some of the initiatives which are meant to enhance exports of India. Important Export Promotion Schemes reimbursed 4 Transport and Marketing scheme to exporters.126 The amount reimbursed depends upon the export destination Unlock Full PPT@ Best Price 5 Training programs under Niryat Niryat Bandhu Scheme The Scheme allows import for producing quality goods and services and enhance India s manufacturing competitiveness. E Scheme (EPCG) Download Now. Use It Forever 6

31 List Of Sources Unlock Full PPT@ Best Price Download Now. Use It Forever

32 Abbreviations 1. ASEAN = Association of Southeast Asian Nations. 2. CECA = Comprehensive Economic Cooperation Agreement. 3. CEPA = Comprehensive Economic Partnership Agreement 4. CECPA = Comprehensive Economic Cooperation and Partnership Agreement. 5. FDI = Foreign Direct Investment. 6. FTA = Free Trade Agreement. 7. FY = Financial Year. 8. GDP = Gross Domestic Product. 9. HS = Harmonized System. 10.ICT = Information and communications technology 11.IPR = Intellectual Property Rights. 12.LDCs = Least developed countries. 13.MFN = Most-Favoured-Nation. 14.PTA = Preferential trade arrangements. 15.SAFTA = South Asian Free Trade Area. 16.U.A.E. = United Arab Emirates. 17.USD = United States dollar. 18.U.S.A. = United States Of America. 19. = Approximately. 20.%. = Percentage.

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