Trade Facilitation agreement
- TFA is divided into three parts.
- contains provisions on simplification of border clearance procedures and adoption of new transparency measures and consists of 12 Articles. These 12 Articles extend to several agencies such as Customs, Border Control, Shipping, Plant and Animal Quarantine etc all of which require inter-ministerial cooperation and coordination;
- of TFA is focused on special needs and requirements of developing country members and Least Developed Country (LDC) members for implementing TFA. Such a member country would have flexibility to determine which commitments to implement immediately upon entry into force of the TF Agreement and which it wants to implement in a phased manner. This Section allows each development country to categorize the provisions of Articles 1-12 of the TFA into three categories ‘A’, ‘B’ and ‘C’.
- Category A contains provisions that a developing country member designates for implementation upon entry into force of this agreement or in case of LDC member within one year after entry into force;
- Category B contains provisions that a developing country member or LDC member designates for implementation on a date after a transitional period of time following the entry into the force of this agreement.
- Category C contains provisions that a developing country member or a LDC member designates for implementation on a date after a transitional period of time following the entry into the force of this agreement and requiring the acquisition of implementation capacity through the provisions of assistance and support for capacity building.
- deals with institutional mechanism for setting-up a National Committee on Trade Facilitation for domestic cooperation and implementation.
- India has notified its Category ‘A’ commitments to the WTO
- has ratified the TFA domestically and would be depositing the instrument of ratification to WTO by end of April 2016
- India has also initiated the process to set-up a National Committee on Trade Facilitation (NCTF) to domestically coordinate and implement the TFA.
- The NCTF would institutionalize the co-ordination mechanism in such a manner the 35 plus Departments, private players and State Governments who have international borders are on the same page as far as the trade facilitation is concerned.
Advantages of TFA
- Through trade facilitation member countries would seek to simplify trade procedures and help promote cross border trade, bring greater predictability to traders and help improve the overall climate for trade and investment.
- Trade Facilitation Agreement (TFA) envisages faster clearances and reduction of red tapism at the borders and would thereby help in the ease of doing business.
- Ratification of the TFA is bound to change the Indian trade and would bring more transparency in trade process.
- After TFA ratification, the world wide best trade practices would be shared among the member countries.
- TFA is supposed to enable domestic manufacturers, particularly Small and Medium Enterprises, connect more easily to regional and Global Value Chains.
- TFA contains provisions for expediting the movement, release and clearance of goods, including goods in transit.
- It also sets-out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues.
- These objectives of TFA are in consonance with India’s ease of doing business initiative.
Needs to be done
- In several areas, we need to ensure speedy legislation so that there are visible beneficial outcomes.
- Industry and its various associations need to be associated in the consultation process while implementing the different provisions of the TFA.
- Adequate measures be taken to protect our domestic industries.
- Pharmaceutical and chemical industries are polluting the environment and it must be ensured that sufficient measures including setting-up of treatment plants are taken in order to save the environment. Central Government should coordinate with the State Governments and monitor to ensure that these pharmaceutical and chemical industries should set-up treatment plants which are functional so that they do not contaminate the water and environment of surrounding villages
Municipal Reforms Cell –DMA • An exclusive cell dedicated for municipal reforms. • Managed by Senior KAS and KMAS Officers and Professionals hired directly from the market. • The cell has in house Data Center with centralized ...READ MORE
The Vijayapura district hospital has emerged the best district hospital in Karnataka and won a cash prize of Rs 50 lakh for the second straight year under the Health Department’s ...READ MORE
The 68th Republic Day parade in New Delhi's Rajpath was a colourful affair tableaux from 17 states and Union Territories showcased the varied historical, art and cultural heritage of the ...READ MORE
Kawal Tiger Reserve in Andhra Pradesh has become more a safe zone for resurgent Maoists than tigers In the current phase of its resurgence, Maoist activity in the district is confined ...READ MORE
ವಿದೇಶಿ ನೇರ ಹೂಡಿಕೆ (ಎಫ್ಡಿಐ) ನಿಯಮಗಳನ್ನು ಕೇಂದ್ರ ಸರ್ಕಾರ ಸಡಿಲಗೊಳಿಸಿದೆ. ರಿಯಲ್ ಎಸ್ಟೇಟ್, ರಕ್ಷಣೆ, ನಾಗರಿಕ ವಿಮಾನ ಯಾನ ಮತ್ತು ಸುದ್ದಿ ಪ್ರಸಾರ ಸೇರಿದಂತೆ 15 ಕ್ಷೇತ್ರಗಳನ್ನು ವಿದೇಶಿ ಹೂಡಿಕೆಗೆ ತೆರೆದಿರಿಸಿದೆ. ನಿರ್ಮಾಣ ರಂಗದಲ್ಲಿ ಹೂಡಿಕೆ ಮಾಡುವುದಕ್ಕೆ ಇರುವ ನಿರ್ಬಂಧಗಳನ್ನು ಸಡಿಲಿಸಲಾಗಿದೆ. ಯೋಜನೆ ಪೂರ್ಣಗೊಳ್ಳುವ ...READ MORE
In order to ensure that there is no shortage of drugs in State-run health centres and that procurement is directly proportionate to requirement, the Department of Health and Family Welfare ...READ MORE
Kyasanur Forest Disease or KFD is also known as monkey fever KFD is a tick-borne viral disease that was first reported in 1957 from Kyasanur, a village in Shivamogga district It gets transmitted from ...READ MORE
The Aadhaar enrolment in Karnataka reached a milestone on 15th Feb as it crossed the six-crore mark, after over six-and-a-half years after the exercise began. The registration in the State now ...READ MORE
Integrated Housing & Slum Development Programme (IHSDP) For taking up Housing and Slum up gradation programme in Non-BSUP cities, Integrated Housing & Slum Development Programme (IHSDP) was launched along with BSUP in December 2005. This programme combines ...READ MORE
Citizens can apply online for regularisation of their properties under the Akrama-Sakrama scheme may have to wait at least a week as the Bruhat Bengaluru Mahanagara Palike (BBMP) is yet to ...READ MORE
Urban Development – Municipal Reforms Cell –DMA &
Karnataka: Vijayapura wins best district hospital award
India Celebrate 68th Republic Day – Highlights
Kawal Tiger Reserve – adobe of maoists
ವಿದೇಶಿ ಹೂಡಿಕೆ ನಿಯಮ ಸಡಿಲ
New Software to Track Supply – Demand of
Kyasanur Forest Disease
Karnataka: Aadhaar enrolment crosses six-crore mark
Urban Development – Integrated Housing & Slum Development
Akrama-Sakrama online process to start after a week