GSP facilities, anti-dumping Duties, and Free Trade Agreements in India

GSP status

Although the United States has reinstated India’s GSP status for 3,500 products since mid 2015, after a withdrawal between 2013 and 2015, shrimp and most other seafood are excluded. In the European Union, India is still entitled to GSP status which provides a 4.2% tax for raw frozen shrimp and a 7% tax for value-added shrimp projects. To apply for this preferential duty you need to be able to submit an A-form (certificate of origin) to the customs when importing your container.

Anti dumping duties

In the United States Indian shrimp exporters are confronted with anti-dumping duties. The preliminary duties have recently been increased from 2.96% to 4.89% (March 2016) and range from 0.8% (Falcon Marine) to 8.32% (Liberty Group). Despite several attempts of Indian exporters (e.g. Apex) to force the US authorities to withdraw the anti-dumping duties these cases have not been successful so far. The final decision may give lower duties than the preliminary, but will only be submitted in July 2016. For Vietnam the preliminary duty is 3.56% and for Thailand 1.10% on average.

Free Trade Agreements

India is involved in 28 FTAs of which thirteen are signed and in effect, one is signed but not yet in effect, and fourteen are under negotiation.
  • India-Gulf Cooperation Council Free Trade Area (FA) signed
  • Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Free Trade Area Negotiations launched
  • India-Australia Free Trade Agreement Negotiations launched
  • India-Canada Economic Partnership Agreement Negotiations launched
  • India-Customs Union of Russia, Belarus, and Kazakhstan FTA Negotiations launched
  • India-Egypt Preferential Trade Agreement Negotiations launched
  • India-European Free Trade Association Free Trade Agreement Negotiations launched
  • India-European Union Free Trade Agreement Negotiations launched
  • India-Indonesia Comprehensive Economic Cooperation Arrangement Negotiations launched
  • India-Israel Preferential Trade Agreement Negotiations launched
  • India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement Negotiations launched
  • India-Southern African Customs Union Preferential Trade Agreement Negotiations launched
  • India-Thailand Free Trade Area Negotiations launched
  • New Zealand-India Free Trade Agreement Negotiations launched
  • Regional Comprehensive Economic Partnership Negotiations launched
  • ASEAN-India Comprehensive Economic Cooperation Agreement Signed and In Effect
  • Asia-Pacific Trade Agreement Signed and In Effect
  • India-Afghanistan Preferential Trading Agreement Signed and In Effect
  • India-Bhutan Trade Agreement Signed and In Effect
  • India-Chile Preferential Trading Agreement Signed and In Effect
  • India-MERCOSUR Preferential Trade Agreement Signed and In Effect
  • India-Singapore Comprehensive Economic Cooperation Agreement Signed and In Effect
  • India-Sri Lanka Free Trade Agreement Signed and In Effect
  • India-[Republic of] Korea Comprehensive Economic Partnership Agreement Signed and In Effect
  • Indo-Nepal Treaty of Trade Signed and In Effect
  • Japan-India Comprehensive Economic Partnership Agreement Signed and In Effect
  • Malaysia-India Comprehensive Economic Cooperation Agreement Signed and In Effect
  • South Asian Free Trade Area Signed and In Effect

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