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BIMSTEC
BIMSTEC FA
 Interactive trade indicators

Technical notes for performance indicators
Performance Indicators :
Member Countries

Bangladesh Bhutan India Myanmar
Nepal Sri Lanka Thailand

Framework Agreement on the Bay of Bengal Initiative for Multi-Sectorial Technical and Economic Cooperation (BIMSTEC) Free Trade Area

Status : Signed in 2004 .  In force since 2004
Scope : Regional
Type : Framework Agreement
WTO Notification : early announcement 
Agreement text : 
http://www.bimstec.org/PDF/Framework%20Agreement%20on%20FTA2.pdf
Other links : 
http://www.commerce.nic.in/trade/international_ta_current_details.asp#b15
WTO consideration process : 
GOODS
Tariffs
Negative list
Tariff elimination by 2012 (2017 for LDC's)
Rules of Origin
RoO's in the agenda for further negotiation

Contingency Measures
   Anti - Dumping : 
   Countervailing Duties : 
   Safeguards : under negotiation

Standards : under negotiation
Notes:
Previously known as BIST-EC. The new name is "Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation" given at the First Summit in 2004. In the same year a FTA was proposed, but has not been signed yet.
SERVICES
WTO Notification (GATS Art. V)
       Date of notification

       Consideration Process : 


Liberalization Approach

Modes Covered

Specific Chapters on

Specific Sectors Excluded

Public Sectors carve-out :

Most Favoured Nation :

National Treatment :

Market Access :

Domestic Regulation :

Subsidies covered by services disciplines :

Denial of benefits for commercial presence :
          


Notes :
          No disciplines on services. Parties agree to continue negotiations under the Framework Agreement.


Link to schedules :
INVESTMENT
Scheduling Approach

Definition of investment

Most Favoured Nation :
                           
National Treatment :
                           
Fair and Equitable Treatment :
                           
Expropriation :
                           
Board of Directors and executive personnel :

Invester - State arbitration :

Denial of Benefits :
          


Additional BIT exists between the parties :
          BIT list I :
                    Status:
          BIT list II :
                    Status:

Notes :
          No disciplines on investment. Parties agree to continue negotiations under the Framework Agreement.


Link to schedules :
TRADE FACILITATION
Customs procedures : No
Customs valuation : No
Trade regulations publication and administration (transparency) : No
E-Commerce / Paperless trade : No
Cooperation in trade facilitation : No
OTHER AREAS
Government Procurement : No
Investment : Yes
Competition Policy : No
Intellectual Property : No
Dispute Settlement : No
Labor Mobility : Yes
Labor and Environmental Standards : No
Technical cooperation : No
Institutional mechanism : No
Notes:
Parties agreed to progressively liberalize the investment regime through a positive list approach.
RULES OF ORIGIN
Cumulation
Specific Process
Heading Change
De Minimis
Minimum Content
Drawback
Http Link
Notes
In the agenda for further negotiation.
BIMSTEC
BIMSTEC FA

Member Countries
Bangladesh
Bhutan
India
Myanmar
Nepal
Sri Lanka
Thailand
Total: 7 countries

Framework Agreement on the Bay of Bengal Initiative for Multi-Sectorial Technical and Economic Cooperation (BIMSTEC) Free Trade Area

Status : Signed in 2004 .  In force since 2004
Scope : Regional
Type : Framework Agreement
WTO Notification : early announcement 
Agreement text : 
http://www.bimstec.org/PDF/Framework%20Agreement%20on%20FTA2.pdf

Other links : 
http://www.commerce.nic.in/trade/international_ta_current_details.asp#b15

WTO consideration process : 
GOODS
Tariffs
Negative list
Tariff elimination by 2012 (2017 for LDC's)

Rules of Origin
RoO's in the agenda for further negotiation


Contingency Measures
Anti - Dumping : 
Countervailing Duties : 
Safeguards : under negotiation

Standards : under negotiation

Notes:
Previously known as BIST-EC. The new name is "Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation" given at the First Summit in 2004. In the same year a FTA was proposed, but has not been signed yet.


SERVICES
WTO Notification (GATS Art. V)
Date of notification :
Consideration Process :

Liberalization Approach

Modes Covered

Specific Chapters on
Specific Sectors Excluded
Public Sectors carve-out :

Most Favoured Nation :

National Treatment :

Market Access :

Domestic Regulation :

Subsidies covered by services disciplines :

Denial of benefits for commercial presence :


Notes:
No disciplines on services. Parties agree to continue negotiations under the Framework Agreement.

Link to schedules :

INVESTMENT
Scheduling Approach

Definition of investment

Most Favoured Nation :

National Treatment :


Fair and Equitable Treatment :


Expropriation :


Board of Directors and executive personnel :

Invester - State arbitration : No

Denial of Benefits :


Additional BIT exists between the parties :No

BIT list I :
Status:
BIT list II :
Status:

Notes :
No disciplines on investment. Parties agree to continue negotiations under the Framework Agreement.


Link to schedules :

TRADE FACILITATION
Customs procedures : No
Customs valuation : No
Trade regulations publication and administration : No
Use of ICT : No
Mobility of business people : No
Freedom of transit : No
Transport and logistics : No
Trade finance : No

OTHER AREAS
Government Procurement : No
Investment : Yes
Competition Policy : No
Intellectual Property : No
Dispute Settlement : No
Labor Mobility : Yes
Labor and Environmental Standards : No
Technical cooperation : No
Institutional mechanism : No

Notes:
Parties agreed to progressively liberalize the investment regime through a positive list approach.


RULES OF ORIGIN
Cumulation

Specific Process

Heading Change

De Minimis

Minimum Content

Drawback

Http Link

Notes
In the agenda for further negotiation.
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