FTA partners upset over India’s new rules to trace goods’ origin2 min read 15 Mar 2021, 05:29 AM IST
Japan, South Korea, Indonesia, Malaysia and Sri Lanka have called for a review of country-of-origin rules
The CAROTAR rules were implemented in September to strictly verify the rules of origin under FTAs
India’s free trade partners have raised concerns at the World Trade Organization (WTO) that its insistence on additional documents to determine the origin of imported goods could raise non-tariff barriers to trade. Countries such as Japan, South Korea, Indonesia, Malaysia and Sri Lanka have sought clarifications on the new rules during India’s quadrennial trade policy review (TPR) at WTO.
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