Related Keywords: areas such as textiles, corner greater share, Easier rules of origin, ensure Indian exports, export market, free trade agreements, Government of India, push bilateral deals, Regional Comprehensive Economic Partnership, reworking strategy, TPP, Transatlantic trade and investment partnership
The government of India as it revives its push for bilateral deals to corner a greater share of the export market is reworking its strategy on free trade agreements (FTAs). Rules of origin are at the heart of these agreements as they are meant to check routing of third-party goods via countries with which an agreement is signed.
Over the years, India has insisted on a system where at least 30-35% value addition takes place in a country with which it signs a trade agreement. In addition, there has to be a change of heading, which means yarn should be finished into a product.
