Given the complex GVCs & multiple trade agreements with different RoOs and requirements, it is now extremely difficult to understand the entire value chain of a product, the level of value addition by a country, how RoOs are defined under each agreement and what is likely to be the impact...
India’s steel industry faces disadvantages due to FTAs with Japan and South Korea despite being the most cost competitive among major global steel producers. It is important for the government to renegotiate the FTAs with provisions to curb excess imports. India’s overall merchandise trade deficit with major RTA/FTA partners has...
The World Trade Organisation (WTO) defines the rules of origin as “the criteria needed to determine the national source of a product. Their importance is derived from the fact that duties and restrictions in several cases depend upon the source of imports”. All internationally traded goods are required to have...
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