Trade Agreement Between Malaysia And India

MICECA is a comprehensive agreement covering trade in goods, trade in services, investment and the transport of individuals. It increases the benefits of the ASEAN-India Trade Agreement (AITIG) and will continue to facilitate and improve trade, services, investment and economic relations in both sectors in general. A free trade agreement is an international agreement between two or more countries to reduce or remove trade barriers and achieve closer economic integration. Trade with India was $10.77 billion ($44.50 billion.RM) out of $12.02 billion ($46.80 billion.RM), down 4.9% from 2015; Interested people can check the specific rules for your product in the following links. It has changed significantly in the sense of changing the tariff classification in the six-digit HS sub-position (STC); There you go. NormalTrack 1 (NT1): Rates for all products in NT1 are waived until September 30, 2013, three months before AITIG; How do I apply for a preferential certificate (PCO)? Products on the Indian Exclusion List (EL) may not benefit from a reduction or removal of duties in accordance with the MICECA Regulation. The Indian importer would have to pay the duty on the basis of the current MFN rate. India will increase tariffs on 3 palm products to 45% by 31 December 2018 (these three products have been excluded from tariff concessions under AITIG). How do I know if my product is eligible for tariff concessions? Malaysia and India concluded the Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA) on 24 September 2010. Present the PCO with the importing authority`s import documents Now that I have received the pco documentation and authorization, how can I apply for a preferential tariff concession? Malaysia has already signed and implemented seven bilateral free trade agreements with Japan, Pakistan, India, New Zealand, Chile, Australia and Turkey. At the ASEAN level, Malaysia has 6 regional free trade agreements with ASEAN (AFTA), China, Korea, Japan, Australia, New Zealand and India. How can I apply for free trade agreements if my product is eligible for tariff concessions? . For further requests, please contact Estva headquarters as follows: MICECA also contains a chapter that facilitates the temporary entry into India of installers and service agents, contract providers, independent professionals and business visitors (including potential investors) from Malaysia and vice versa.

The main text of the agreement can be verified through this MICECA link. It must be fully purchased in the country of origin; or. Malaysia has obtained better concessions under MICECA for palm oil and palm oil products: . . For the exclusion list (EL), India excluded 1,225 products under MICECA, compared to 1,298 under AITIG. Malaysia excluded 838 products under MICECA, compared to 898 under AITIG. India will commit tariffs on refined palm oil (RPO) to 45% by 31 December 2018 (one year earlier than the timetable promised by India in accordance with ITIG). . . . If you are exporting to India, click on this link to check the preferential rates under MICECA: For preferred certificates of origin/rules of origin, please contact: Removal or phasing out of the fee from the effective date of the agreement on July 1, 2011.

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