Published on September 15th, 2021 | by Newt Rayburn0
Comprehensive Economic Partnership Agreement Japan India
This paper presents the economic interactions between India and Japan in this context and produces important lessons from the India-Japan Comprehensive Economic Partnership Agreement (CEPA). The paper examines the modalities of substantial commercial coverage, sensitive lists and the formulation of rules of origin with an angle of development in CEPA. These could be of paramount importance, particularly in view of the establishment of a negotiating project for RCEP and the wider regionalism of East Asia. It can be mentioned, however, that India`s partnership with Japan should not be isolated, but should also be seen in the context of the partnerships between India and China and the United States. The application of the preferential tariff arrangements under the Comprehensive Economic Partnership Agreement between Japan and the Republic of INDIA (hereinafter referred to as `the Agreement`) requires in principle a certificate of origin at the time of the import declaration. Importers are not required to provide a certificate of origin for the importation of a shipment of goods whose total value does not exceed 200,000 yen. To obtain preferential tariff treatment under the agreement, the goods to be imported must in principle be shipped directly to Japan. When goods are transhipped to Japan to a third country, a bill of lading or other relevant documents are required to obtain preferential tariff treatment. The certificate of origin shall be referred to as the `COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT BETWEEN THE REPUBLIC OF INDIA AND JAPAN`, which is defined in Section 3 of Annex 3 to the Agreement.
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