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KOREA-INDIA
Korea-India FTA&EIA
Interactive trade indicators
Technical notes for performance indicators
Performance Indicators :
Select indicator...
Export Propensity
Export Shares
Export-import coverage
Import Dependence
Import Shares
Normalized Trade Balance
Trade Dependence
Trade Shares
Member Countries
Korea, Rep.of
India
Comprehensive Economic Partnership Agreement between the Republic of Korea and the Republic of India
Status :
Signed in
2009
.
In force since 2010
Scope :
Bilateral
Type :
Free Trade Agreement
WTO Notification :
GATT Art XXIV, GATS Art V
Agreement text :
http://www.fta.go.kr/pds/fta_korea/india/eng/ALL_OF_CEPA_E.pdf
Other links :
http://www.commerce.nic.in/trade/INDIA%20KOREA%20CEPA%202009.pdf
WTO consideration process :
Factual Presentation not distributed
GOODS
Tariffs
India maintains 15% of items on exclusion, while Republic of Korea includes 8% on such list.
70% of 5300 tariff lines will see eliminated tariffs within a period of 8 years.
For 10% of items, tariff will be reduced by up to 5%, while for another 10% tariffs will be halved from the current rate.
Rules of Origin
Chapter 3
Contingency Measures
Anti - Dumping :
According to WTO rules. Article 2.13
Countervailing Duties :
According to WTO rules. Article 2.13
Safeguards :
Allowed, Section B-2
Standards :
n.a.
Notes:
SERVICES
WTO Notification (GATS Art. V)
:
Notified
Date of notification 23/06/2010
Consideration Process : Under Consideration
Liberalization Approach
:
Negative Lists
Modes Covered
Specific Chapters on
Telecommunications
Other
Maritime Transport Services, Audio-Visual co-Production
Specific Sectors Excluded
Financial services
Air transport
Public Sectors carve-out
:
Most Favoured Nation
:
Non-binding
National Treatment
:
Binding
Market Access
:
Binding
Domestic Regulation
:
Binding but subject to legitimate expectations (GATS-like)
Subsidies covered by services disciplines
:
Not covered
Denial of benefits for commercial presence
:
Article 6.22
Notes
:
Link to schedules
:
INVESTMENT
Scheduling Approach
:
Negative Lists
Definition of investment
:
Covers portfolio investment
Most Favoured Nation
:
National Treatment
:
Binding
Fair and Equitable Treatment
:
Binding
Clarifying text on FET
Article 10.4--what is required by customary international law
Expropriation
:
Binding
Board of Directors and executive personnel
:
Binding
Invester - State arbitration
:
Denial of Benefits
:
Article 10.17
Additional BIT exists between the parties
:
BIT list I :
Status:
BIT list II :
Status:
Notes
:
Link to schedules
:
TRADE FACILITATION
Customs procedures :
Yes
Annex 14-a
Customs valuation :
Yes
Article 2.7
Trade regulations publication and administration (transparency) :
No
E-Commerce / Paperless trade :
No
Cooperation in trade facilitation :
No
OTHER AREAS
Government Procurement :
Yes
Investment :
Yes
Competition Policy :
Yes
Chapter 11
Intellectual Property :
Yes
Chapter 12 TRIPS like
Dispute Settlement :
Yes
Chapter 14
Labor Mobility :
No
Labor and Environmental Standards :
No
Technical cooperation :
Yes
Chapter 13: Bilateral Cooperation. energy, info and communications technology, science and technology, infrastructure and transportation, health care
Institutional mechanism :
No
Notes:
RULES OF ORIGIN
Cumulation
bilateral
Specific Process
Product-specific rules, provided in Annex 3-A
Heading Change
De Minimis
10% see Article 3.8
Minimum Content
35% FOB. Article 3.4(b)
Drawback
Http Link
Notes
KOREA-INDIA
Korea-India FTA&EIA
Member Countries
Korea, Rep.of
India
Total: 2 countries
Comprehensive Economic Partnership Agreement between the Republic of Korea and the Republic of India
Status :
Signed in
2009
.
In force since
2010
Scope :
Bilateral
Type :
Free Trade Agreement
WTO Notification :
GATT Art XXIV, GATS Art V
Agreement text :
http://www.fta.go.kr/pds/fta_korea/india/eng/ALL_OF_CEPA_E.pdf
Other links :
http://www.commerce.nic.in/trade/INDIA%20KOREA%20CEPA%202009.pdf
WTO consideration process :
Factual Presentation not distributed
GOODS
Tariffs
India maintains 15% of items on exclusion, while Republic of Korea includes 8% on such list.
70% of 5300 tariff lines will see eliminated tariffs within a period of 8 years.
For 10% of items, tariff will be reduced by up to 5%, while for another 10% tariffs will be halved from the current rate.
Rules of Origin
Chapter 3
Contingency Measures
Anti - Dumping :
According to WTO rules. Article 2.13
Countervailing Duties :
According to WTO rules. Article 2.13
Safeguards :
Allowed, Section B-2
Standards :
n.a.
Notes:
SERVICES
WTO Notification (GATS Art. V)
:
Notified
Date of notification : 23/06/2010
Consideration Process : Under Consideration
Liberalization Approach
:
Negative Lists
Modes Covered
Specific Chapters on
Telecommunications :
Yes
Other :
Yes
Maritime Transport Services, Audio-Visual co-Production
Specific Sectors Excluded
Financial services :
Yes
Air transport :
Yes
Public Sectors carve-out
:
Most Favoured Nation
:
Non-binding
National Treatment
:
Binding
Market Access
:
Binding
Domestic Regulation
:
Binding but subject to legitimate expectations (GATS-like)
Subsidies covered by services disciplines
:
Not covered
Denial of benefits for commercial presence
:
Article 6.22
Notes:
Link to schedules
:
INVESTMENT
Scheduling Approach
:
Negative Lists
Definition of investment
:
Covers portfolio investment
Most Favoured Nation
:
National Treatment
:
Binding
Fair and Equitable Treatment
:
Binding
Clarifying text on FET :
Yes
Article 10.4--what is required by customary international law
Expropriation
:
Binding
Board of Directors and executive personnel
:
Binding
Invester - State arbitration
:
Yes
Denial of Benefits
:
Article 10.17
Additional BIT exists between the parties
:
No
BIT list I :
Status:
BIT list II :
Status:
Notes
:
Link to schedules
:
TRADE FACILITATION
Customs procedures :
Yes
Annex 14-a
Customs valuation :
Yes
Article 2.7
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 :
Yes
Investment :
Yes
Competition Policy :
Yes
Chapter 11
Intellectual Property :
Yes
Chapter 12 TRIPS like
Dispute Settlement :
Yes
Chapter 14
Labor Mobility :
No
Labor and Environmental Standards :
No
Technical cooperation :
Yes
Chapter 13: Bilateral Cooperation. energy, info and communications technology, science and technology, infrastructure and transportation, health care
Institutional mechanism :
No
Notes:
RULES OF ORIGIN
Cumulation
bilateral
Specific Process
Product-specific rules, provided in Annex 3-A
Heading Change
De Minimis
10% see Article 3.8
Minimum Content
35% FOB. Article 3.4(b)
Drawback
Http Link
Notes
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