South Asia Free Trade Agreement

Type: Keyphrase
Name: South Asia Free Trade Agreement
First reported Mar 25 2014 - Updated Mar 25 2014 - 1 reports

Reduce VAT on bicycles: Assocham

In order to give a fillip to the bicycle Industry in Punjab, the Associated Chambers of Commerce and Industry of India (Assocham) has urged the state government to reduce the value-added tax (VAT) on bicycle components currently at 5.5 per cent.On behalf ... [Published Business Standard India - Mar 25 2014]
First reported Mar 21 2014 - Updated Mar 22 2014 - 1 reports

Trade with India: Nawaz Sharif must fulfil his mandate

It seems that the PML-N government may well be set to achieve one of its key policy goals ie bolstering trade with India. During 2013, the process of normalization was scuttled by the untoward tensions on the Line of Control (LoC) and the situation was ... [Published The Friday Times - Mar 21 2014]
First reported Mar 21 2014 - Updated Mar 21 2014 - 1 reports

Tax-News.com: Indian Bike Makers Seek Backing Amid Chinese 'Dumping'

Indian business association ASSOCHAM has called on the Punjab Government to support the local bicycle manufacturing industry with a lower rate of value-added tax (VAT) to help it to compete with Chinese manufacturers.India is the world's second largest ... [Published Tax-News.com - Mar 21 2014]
First reported Mar 19 2014 - Updated Mar 20 2014 - 3 reports

NDMA or MFN status: India shares non-papers on proposed duty structure

March 20, 2014India has reportedly shared non-papers on proposed duty structure on Pakistani goods with Islamabad through diplomatic channels, which compelled the Commerce Ministry to plead its case for grant of NDMA or MFN status for India, well-informed ... [Published Business Recorder - Mar 20 2014]
First reported Mar 18 2014 - Updated Mar 19 2014 - 1 reports

Farmers to stage sit-in against NDMA status to India

ISLAMABAD: Thousands of Pakistani farmers have decided to stage a sit-in at Wagah Border from March 31 onwards for an indefinite period to put pressure on Islamabad for its decision to grant non-discriminatory market access (NDMA) to New Delhi.Pakistan ... [Published The News International - Mar 18 2014]
Entities: Pakistan, India, Agriculture
First reported Mar 16 2014 - Updated Mar 17 2014 - 1 reports

MFN status to India: Pakistan to hold special Cabinet meet on Friday

Pakistan is going to hold a special Cabinet meeting on Friday to discuss trade normalisation with India. On the agenda are two broad issues - removal of the negative list of items for trade, which technically means giving India the most-favoured nation ... [Published Business Standard India - Mar 16 2014]
First reported Mar 17 2014 - Updated Mar 17 2014 - 1 reports

Rising imports of bicycles and components from China to India at 25pct - ASSOCHAM

Rising imports of bicycles and their components from China to India at almost 25% cost comparative advantage owing to free trade agreements together with South Asia Free Trade Agreement are posing a serious threat to domestic bicycle industry producing ... [Published Steel Guru - Mar 17 2014]
First reported Mar 14 2014 - Updated Mar 15 2014 - 1 reports

Non-discriminatory market access: Pakistan, India all but sign trade normalisation deal

Both countr­ies have reache­d broade­r unders­tandin­g on libera­lising bilate­ral trade: PM’s aide.India has accepted Pakistan’s demand to exclude 160 items – mainly textile products – from its Pakistan-specific Sensitive List. ILLUSTRATION: TALHA AHMED ... [Published The Express Tribune - Mar 14 2014]
Entities: India, Pakistan, Safta, Islamabad
First reported Mar 13 2014 - Updated Mar 14 2014 - 4 reports

25% cheap imports of Chinese bicycles & components bleeding domestic industry: Study

Reduce VAT on bicycle parts & interest rate on SME loans; Keep stable power tariff: ASSOCHAM plea to Punjab govt.Rising imports of bicycles and their components from China to India at almost 25 per cent cost-comparative advantage owing to free trade agreements ... [Published ASSOCHAM - Mar 14 2014]
Entities: India, Cheap, Safta, China
First reported Feb 12 2014 - Updated Feb 12 2014 - 1 reports

Operationalization of SAFTA

The South Asia Free Trade Agreement (SAFTA) was signed during the 12th SAARC Summit held at ... [Published Press Information Bureau India - Feb 12 2014]
First reported Jan 20 2014 - Updated Jan 20 2014 - 1 reports

Recipe to expand Saarc trade

New Delhi, Jan. 19: Saarc member countries believe greater participation of private companies in the cross-border business will enhance the collective growth of the region. Trade between the members of the South Asian Association for Regional Cooperation ... [Published Calcutta Telegraph - Jan 20 2014]

Quotes

...5 percent. "There is also the need to release VAT refund of bicycle manufacturers lying with the Excise and Taxation Department of PunjabPunjab government so that the money be utilized by manufacturers to push production" it said
...Pakistan will also open other borders for trade with India but the problem is the country has not yet established Land Port Authority, he added. "In short-term there will be trade diversion, not trade creation" he added
"Pakistan need not fear about India penetrating its sensitive sectors, as most of the important items will largely remain in the sensitive list under Safta. Granting the MFN status to India is the only logical solution to the blueprint agreed upon in 2011" said Icrier Professor Nisha Taneja
"Pakistan's agriculture sector vehemently opposes any further phasing out of agricultural items from the sensitive list. We have read Safta carefully, and know that there is no such categorical requirement. Any reductions made on the sensitive list are discretionary, and even though a review of the list is required every four years, a 'review' does not require a reduction in it" he concluded

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Reduce VAT on bicycles: Assocham [Published Business Standard India - Mar 25 2014]
Trade with India: Nawaz Sharif must fulfil his ... [Published The Friday Times - Mar 21 2014]
Tax-News.com: Indian Bike Makers Seek Backing A... [Published Tax-News.com - Mar 21 2014]
NDMA or MFN status: India shares non-papers on ... [Published Business Recorder - Mar 20 2014]
India trade: Parliament to hold debate only aft... [Published The Express Tribune - Mar 20 2014]
Cabinet meeting on MFN status Friday [Published Financial Daily - Mar 19 2014]
Farmers to stage sit-in against NDMA status to ... [Published The News International - Mar 18 2014]
Rising imports of bicycles and components from ... [Published Steel Guru - Mar 17 2014]
MFN status to India: Pakistan to hold special C... [Published Business Standard India - Mar 16 2014]
Non-discriminatory market access: Pakistan, Ind... [Published The Express Tribune - Mar 14 2014]
25% cheap imports of Chinese bicycles & compone... [Published ASSOCHAM - Mar 14 2014]
3/14/2014: METRO: ‘Chinese imports serious thre... [Published Hindustan Times - Mar 14 2014]
Low-priced Chinese bicycles pedal ahead of dome... [Published Navhind Times - Mar 13 2014]
'Import of Chinese bi-cycles,components a serio... [Published Hindustan Times - Mar 13 2014]
Operationalization of SAFTA [Published Press Information Bureau India - Feb 12 2014]
Recipe to expand Saarc trade [Published Calcutta Telegraph - Jan 20 2014]
Cost of credit needs to be brought down: Anand ... [Published Topnews.in - Jan 23 2012]
India urges Saarc states to ratify services tra... [Published Topnews.in - Feb 08 2011]
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