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Qingdao Customs issues Shandong's 1st certificate of origin under China-Serbia FTA

An officer from Qingdao Customs guides a company staff member to print certificates of origin at the RCEP community service station. The China-Serbia Free Trade Agreement took effect on July 1, with Qingdao Customs issuing a certificate of origin under the agreement for a batch of drill rods exported from Shandong province to Serbia, marking the first such certificate of …

The chief negotiators of both the countries would hold negotiations on different issues such as goods, services, and rules of origin. The Indian industry is demanding greater access for its skilled professionals from sectors like IT and healthcare in the UK market, besides market access for several goods at nil customs duty. On the other hand, the UK is seeking …

India, U.K. close to concluding FTA talks, working to iron out issues on IPRs, rules of origin

India and the U.K. are "very close" to concluding negotiations for a proposed free trade agreement as both sides are working to iron out differences on issues including investment treaty, intellectual property rights and rules of origin, a senior government official said on July 28. "Remaining issues include IPRs, rules of origin and investment treaty," the official added. "The U.K. …

Origin

Year ender 2022: Tumult that led to Britain's first Indian-origin prime minister

A politically and economically tumultuous 2022 culminated in a historic first for the UK as Indian-origin Rishi Sunak took charge at 10 Downing Street as the country's first non-white Prime Minister. "The Prime Minister said he was a visual representation of the historic links between the UK and India, and intended to build on this relationship to develop ever closer …

Union finance minister Nirmala Sitharaman on Monday said smuggling of gold “seems to have its own cycle” irrespective of high or low customs duty while releasing the latest report on smuggling that showed Myanmar becoming the main transit corridor and China as the origin country for gold smuggling. Can we do lot more data-based, artificial intelligence-based, better mapping of… cycle …

As Rishi Sunak takes over as Britain’s first Indian-origin Prime Minister on October 25, 2022, there is renewed hope that the India-UK free trade agreement will get a much-needed impetus after the Diwali deadline for draft completion was missed amid political turmoil in the U.K. “I’m very supportive of India playing an increasingly influential role in the region, and indeed, …

British politician of Indian origin Suella Braverman, who quit the Liz Truss Cabinet on Wednesday, believes that the notion that her skin colour should dictate her ideology has been propagated by the Left. Suella Braverman said that a trade deal with India would only increase migration to the United Kingdom. Suella Braverman, an Indian-origin British minister, made the remark in …

Binzhou customs issues first certificate of origin under China-Cambodia FTA

Binzhou customs issued the first certificate of origin under the China-Cambodia Free Trade Agreement for Binzhou Yidefu Food Co Ltd in the area under its jurisdiction on Jan 29. According to the bilateral free trade agreement, which came into force on Jan 1, 2022, the proportion of zero-tariff items offered by China and Cambodia to each other are 97.5 percent …

The free trade agreement signed between China and Cambodia took effect Jan 1, and Yantai Jiyuan Fruit Products Company is among the first batch of companies in Yantai, East China's Shandong province that received China-Cambodia FTA certificates of origin from Yantai Customs. The company exports apples worth more than 4 million yuan to Cambodia every year, and the China-Cambodia FTA …

Govt Frames Norms for Enforcement of 'Rules of Origin' for Imports Under FTAs

The government has come out with norms for the enforcement of 'rules of origin' provisions for allowing preferential rate of customs duties on products imported under free trade agreements. These rules "shall apply to import of goods into India where the importer makes a claim of preferential rate of duty in terms of a trade agreement," it said. The ''rules …