Government officials said that there has been an uptick in exports of products, where duty concessions have been given under the trade deal
Both countries hope to finalise the deal by February, before the Lok Sabha election in India
DPIIT, which is responsible for overseeing Gati Shakti NMP, has also prepared a document - a crucial resource for clarity and data management practices - for relevant stakeholders
While the government is yet to firm up the timeline of the launch of policy, there have been consultations with several countries on the matter
The RoDTEP scheme, which came into effect three years ago, refunds the embedded non-creditable central, state, and local levies paid on inputs to exporters
"For India, restoration of our status as a beneficiary of the US GSP programme and securing good terms for Indian professional service providers should be the priorities," said secretary general, CUTS
For a long time, India has been worried about the routing of goods from third countries through non-Asean countries by taking the duty advantages of the agreement
India is worried because of Bangladesh's greater dependence on China for imports as compared to India and fears it can become an issue if Bangladesh joins RCEP
According to the advisor, India's foreign trade has 'boomed' due to reforms that happened over the past few decades
India exported agricultural products worth $53 billion in the previous financial year
According to the European Commission, EU exports of such technology affected by India's violations is up to €600 million annually, which is significant
This comes even as overall exports from India contracted during the period
The RoDTEP scheme came into effect three years ago to refund the embedded non-creditable central, state, and local levies paid on inputs to exporters
The deficit had widened to a record $31.5 billion in October, as festival demand led to a sharp increase in the import of gold and silver
India's move came after both sides were not able to arrive at a mutually agreeable solution
After a high-level UK delegation visited India to iron out the differences, currently, an Indian delegation is in London to advance discussions
The World Bank has reviewed the methodology and acknowledged it has an appropriate baseline
It is learnt that the department of commerce has set an internal deadline of finalising the deal by month-end
Import of as many as 38 items from Asean members sees a sharp surge in H1FY24
The TPF is the premier bilateral forum for discussion and resolution of trade and investment issues between the US and India