TaxTMI 
TaxTMI 
Impact of Trade Agreements
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....mpact of Trade Agreements <br>News and Press Release<br>Dated:- 2-1-2019<br><BR>Some industry associations including those relating to steel have expressed concerns on imports under bilateral free tra....
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....de agreements with Japan, Korea and ASEAN. However, steel imports from these countries include high grade steel, which are not manufactured domestically. The volume of trade, including both exports a....
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....nd imports with these countries has increased since the signing of the bilateral trade agreements. Notwithstanding a slight increase in trade deficit, the domestic industry has benefited from the trad....
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....e agreements due to cheaper import of raw materials and intermediates from these countries for stimulating value added domestic manufacturing. The trade agreements have adequate trade remedial provisi....
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....ons for dealing with certain surges in imports that might threaten domestic industry. This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply....
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.... in the Lok Sabha.<BR> News - Press release - PIB....