Preferential Trade Status Current Affairs - 2020

India revives Preferential Trade Agreement with South African Customs Union

The South African Customs Union (SACU) comprises of South Africa, Namibia, Lesotho, Botswana and Eswatini. India and the South African Customs Union held a virtual meeting to discuss the aspects of Preferential Trade Agreement. Highlights India during the meet revived its Preferential Trade Agreement with the grouping. Under the PTA, India is supporting manufacturing and Read More…

Exports: GoI launches guidelines for Certificate of Origin

The Ministry of Commerce recently launched an online platform to issue Certificate of Origin to the exporters and other guidelines. The move is being taken to facilitate shipments during lock down. Highlights Currently, the online platform is used obtain certificate of exports under PTA signed with Chile, SAFTA signed with Nepal and SAPTA signed with Read More…

US Plans To End India’s Preferential Trade Status

President Trump notified the Congress his intent to terminate trade benefits for both India and Turkey under the Generalized System of Preference (GSP) eligibility criteria. India and GSP About 2,000 products, including auto components and textiles, can enter the US duty-free if the beneficiary developing country meet the eligibility criteria. India was the largest beneficiary Read More…