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Free Trade Agreement of Export Inspection CouncilBetween the Republic of India and the Democratic Socialist Republic of Sri Lanka Preamble The Government of the Republic of India and the Government of the Democratic Socialist Republic of Sri Lanka, (hereinafter referred to as the “Contracting Parties”), CONSIDERING that the expansion of their domestic markets, through economic Integration, Is a vital prerequisite for accelerating their processes of economic development. BEARING in mind the desire to promote mutually beneficial bilateral trade. CONVINCED of the need to establish and promote free trade arrangements for strengthening Intra-regional economic cooperation and the development of national economies. FURTHER RECOGNISING that progressive reductions and elimination of obstacles to bilateral trade through a bilateral free trade agreement (hereinafter referred to as “The Agreement) would contribute to the expansion of world trade. Objectives 1. The Contracting Parties shall establish a Free Trade Area In accordance with the provisions of this Agreement and In conformity with relevant provisions of the General Agreement on Tariffs and Trade, 1994. 2. The objectives of this Agreement are: (i) To promote through the expansion of trade the harmonious development of the economic relations between India and Sri Lanka. (ii) To provide fair conditions of competition for trade between India and Sri Lanka (iii) In the implementation of this Agreement the Contracting Parties shall pay due regard to the principle of reciprocity (iv) To contribute in this way, by the removal of barriers to trade, to the harmonious development and expansion of world trade Definitions For the purpose of this Agreement: 1. “Tariffs” means basic customs duties Included In the national schedules of the Contracting Parties. 2. “Products” means all products Including manufactures and commodities In their raw, semi-processed and processed forms. 3. “Preferential Treatment” means any concession or privilege granted under this under this Agreement by a Contracting Party through the elimination of tariffs on the movement of goods. 4. “The Committee” means the Joint Committee referred to in Article XI. 5. “Serious Injury” means significant damage to domestic producers, of like or similar products resulting from a substantial Increase of preferential imports In situations which cause substantial losses in terms of earnings, production or employment unsustainable In the short term. The examination of the impact on the domestic Industry concerned shall also Include an evaluation of other relevant economic factors and Indices having a bearing on the state of the domestic industry of that product. 6. “Threat of serious Injury” means a situation In which a substantial Increase of preferential Imports is of a nature so as to cause “Serious Injury” to domestic producers, and that such injury, although not yet existing is clearly Imminent. A determination of threat of serious Injury shall be based on facts and not on mere allegation, conjecture, or remote or hypothetical possibility. 7. “Critical circumstances” moans the emergence of an exceptional situation where massive preferential imports ore causing or threatening to cause serious injury” difficult to repair and which calls for Immediate action. Elimination of Tariffs The Contracting Parties hereby agree to establish a Free Trade Area for the purpose of free movement of goods between their countries through elimination of tariffs on the movement of goods In accordance with the provisions of Annexure A & B which shall form an Integral part of this Agreement. General Exceptions Nothing in this Agreement shall prevent any Contracting Party from taking action and adopting measures, which it considers necessary for the protection of its national security, the protection of public morals, the protection of human, animal or plant life and health, and the protection of articles of artistic, historic and archaeological value, as Is provided for In Articles XX and XXI of the General Agreement on Tariff and Trade, 1994. National Treatment The Contracting Parties affirm their commitment to the principles enshrined In Article Ill of GATT 1994. State Trading Enterprises 1. Nothing In this Agreement shall be construed to prevent a Contracting Party from maintaining or establishing a state trading enterprise as understood In Article-XVII of General Agreement on Tariff and Trade, 1994. 2. Each Contracting Party shall ensure that any state enterprise that it maintains or establishes acts in a manner that Is not inconsistent with the obligations of the Contracting Parties, under this Agreement and accords non-discriminatory treatment In the Import from and export to the other Contracting Party. Rules of Origin 1. Products covered by the provisions of this Agreement shall be eligible for preferential treatment provided they satisfy the Rules of Origin as set out in Annexure C to this Agreement which shall form an Integral part of this Agreement. 2. For the development of specific sectors of the industry of either Contracting Party, lower value addition norms for the products manufactured or produced by those sectors may be considered through mutual negotiations. Safeguard Measures 1. If any product, which is the subject of preferential treatment under this Agreement. Is Imported Into the territory of a Contracting Party In such a manner or In such quantities as to cause or threaten to cause, serious injury In the Imparting Contracting Party, the Importing Contracting Party may, with prior consultations except in critical circumstances, suspend provisionally without discrimination the preferential treatment accorded under the Agreement. 2. When action has been taken by either Contracting Party In terms of paragraph I of this Article, it shall simultaneously notify the other Contracting Party and the Joint Committee established In terms of Article Xl. The Committee shall enter Into consultations with the concerned Contracting Party and endeavor to reach mutually acceptable agreement to remedy the situation. Should the consultations in the Committee fail to resolve the issue within sixty days, the party affected by such action shall have the right to withdraw the preferential treatment. Domestic Legislation The Contracting Parties shall be free to apply their domestic legislation to restrict Imports, In cases where prices are Influenced by unfair trade practices like subsidies or dumping. Subsidies and dumping shall be understood to have the same meaning as in the General Agreement on Tariff and Trade, 1q94 and the relevant WTO Agreements.
Related ArticlesAbout the Directorate General of Employment and Training,Women TrainingWomen constitute about 48% of the total population of the country. But, in employment market, out of the 397 million employed population in 1999-2000, women are only about 123 million. Even of this, only about 5 million women are in organized sector while remaining 118 million are in Important Activities of Directorate of Advertising and Visual PublicityA multi media campaign was launched by DAVP focusing on the major schemes of the Ministry of Rural Development including Swaranjayanti Gram Swarojgar Yojna (SGSY), Sampoorna Grameen Rozgar Yojna (SGRY), Grameen Aawas Yojna (GAY), Drinking Water Supply and Sanitation (DWSS) and Watershed Development. Display advertisements on Swajaldhara, Nirmal Programme Support and Centre for Excellence1. Major thrust The Primary aim of this programme is to support various centres in the various areas of Biotechnology and under taking basic research in modern biology where the end user of the research outcome is the scientific community. 2. Achievements Program Support in High Priority Areas in Biology Introduction of Delhi Urban Art CommissionThe Delhi Urban Art Commission was set up under the Delhi Urban Art Commission Act, 1973 to advise the Central Government in the matter of preserving, developing and maintaining the aesthetic quality of urban and environmental design within Delhi, and to provide advice and guidance to any local body in Clients of Broadcast Engineering Consultants India Ltd.BECIL's Overseas Clients: • Ariana TV • Bhutan Broadcasting Service • Constellation Business Group, Inc., USA ( T.S.I. New Jersey ) • Indira Gandhi Center For Indian Culture, Mauritius • Ministry of Information, Kuwait • Radio & Television, Afghanistan • Shaiq Network, Jalalabad, Afghanistan • Unitrend, Bangladesh • Thales Broadcast & Multimedia, Switzerland Indian Government Clients: • Parliament • Ministry of Court Information System on NICNET of Indian CourtsThe Court Information System on NICNET (COURTNIC) is an information system designed to provide information on the Apex Court to a wide range of Users. COURTNIC will cater to the information requirements of- Judges of the Lower Courts- Advocates- Litigant Public- Others who are interested in the ‘going-ons’ in the Scientific & Engineering Research Programmes of Department of Science and Technology1. Science & Engineering Research Council 2. Intensification of Research in High Priority Areas (IRHPA) 3. Nanoscience & Technology Initiative (NSTI) 4. Fund for Improvement of S&T Infrastructure in Universities and other Higher Educational Institutions (FIST) 5. Sophisticated Analytical Instrument Facilities (SAIFs) 6. Human Resource Development and Nurturing Young Talent. i. High Level Committee on Indian DiasporaThe Indian Diaspora is a generic term to describe the people who migrated from territories that are currently within the borders of the Republic of India. It also refers to their descendants. The Diaspora is currently estimated to number over twenty million. composed of "NRIs" (Indian citizens not residing in Accounting Policies & Procedures of Controller General of AccountsTechnical Advice Ministries, Departments approach the Controller General of Accounts for advice on accounting procedures for new schemes, programmes or activities undertaken by them. The advice rendered by the CGA generally covers aspects related to maintenance of accounts, collection of receipts and it's crediting into Government account, release of payment and Organisation structure of Controller General of AccountsThe accounting setup is highly decentralised in the civil Ministries. A Chief Controller of Accounts or a Controller of Accounts heads civil Accounts Units at the Ministry level and report to CGA. The CCAs/Cas function through a Principal Accounts Office at the Ministry headquarters and several Pay and Accounts Officers |
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