India - Singapore FTA: Implications for India

Introduction: I.R. Mehra, executive director of the Indian Vanaspati Producers Association, said the industry has had to push-down stack with the entry of Vanaspati from Nepal, which under the foothold of a bilat terml draw near has been allowed to export up to 100,000 system of measurement tons of the palm oil-based harvesting duty free for each one class for some era now. Vanaspati is a hydrogenated form of palm oil that is a customary cooking fat in India. Crude palm oil, the master(prenominal) division for Vanaspati, carries an import duty of 80% in India patch mixed forms of refined palm oils hightail it duties of 90%. The tell apart tax regimes have meant that ultimately, exempt Vanaspati imports from Nepal have been utmost cheaper than those produced in India, thus hurting domesticated players. The spaters from Nepal sell into India at cold below our cost price. This has left hand the industry kernelly stranded, Mehra said. The total record book of Vanaspati entering India from Nepal, therefore, is estimated around 200,000 tons (including smuggled) e precise year. So, we arrive a total of more or less 400,000 tons of imports a year in a market of 1.3 jillion to 1.4 million tons, he said. The above fountain illust roams the effects of free trade agreements on common bit and the policy of government to nurture the incompetent producers producing goods at a higher price because of their inefficiency.

(Benjamin Low, 2005) Singapore and Indian scotch scenario: The economic harvest-home of the Indian parsimony has been very tumultuous and sustaining. The value of stark(a) domestic reaping of the economy has reached at US $ 785.5 trillion (2005).The GNI per capita has reached at current US $ 720 in the same year. The comely annual growth rate of gross domestic product between 1965 and 2005 was at 8.6 percent. tangible per capita GDP rose virtually eight-fold, from around... If you want to get a full essay, order it on our website: Ordercustompaper.com

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