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of <h1>New Trade Rules: India-Thailand Agreement Sets Local Content Requirements for Preferential Tariffs on Various Products</h1> The interim rules of origin for a trade agreement between India and Thailand, specifying local value-added content requirements for various products to qualify for preferential tariff treatment. Products include prepared fish, crustaceans, synthetic stones, jewelry, pumps, air conditioning machines, refrigerators, machinery, valves, electrical transformers, lighting equipment, telecommunication apparatus, television reception devices, cathode-ray tubes, and regulating instruments. The rules require a change at specific Harmonized System (HS) code levels, with local value-added content ranging from 20% to 40%, depending on the product category.
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