Home / Knowledge / News / RTA to secure tariff cuts & greater access
RTA to secure tariff cuts & greater access
12
Mar '08
The government advised industry to come up with an “offensive” list of items of export interest to India in trade with Japan to strengthen the Commerce Ministry's hands in getting tariffs reduced by Japan in the negotiations for the India-Japan Comprehensive Economic Partnership Agreement (CEPA).

Addressing the fifth and final Workshop on Stakeholder Consultation on India-Japan CEPA, Mr. Prashant Goyal, Director, Ministry of Commerce & Industry said: “The experience of the Commerce Ministry is that industry is forthcoming on the “defence” list of items that need to be protected from Japanese imports, but rarely does it take an “offensive” stance and come up with specific items of export interest to India.”

This, he said, was vital as the basic purpose of Regional Trade Agreement (RTA) was to secure tariff reduction in the export destination and get greater market access. The workshop was organized by FICCI, UNCTAD and the Ministry of Commerce and Industry.

Mr. Goyal said tariffs in Japan are already low. Thus, a crucial determinant in greater market access for Indian products in the Japanese market would be the ability of the Commerce Ministry to reduce the non-tariff barriers (NTBs).

“We are trying to set up a separate NTB Forum to deal with non-tariff issues, but the Japanese side is not enthused in discussing general issues.”

Therefore it was imperative for industry to identify specific NTBs so that negotiations for their removal could be taken up in earnest.

Must ReadView All

Apparel/Garments | On 6th Dec 2016

Alibaba merges Juhuasuan with Tmall.com

In a business reorganisation, aimed at making it easier for merchants ...

Comez 609 B8 machiner. Courtesy: Jakob Muller

Textiles | On 6th Dec 2016

Jakob Müller shows new machines at India ITME

Jakob Müller AG, developer of machineries for the manufacture of...

Courtesy: The Fashion Awards 2016

Fashion | On 6th Dec 2016

Fashion Awards: Alexander McQueen is brand of the year

Alexander McQueen received the brand of the year award at the Fashion ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search