MICECA is a comprehensive agreement covering trade in goods, trade in services, investment and transport of natural persons. It enhances the benefits of the ASEAN-India Agreement on Trade in Goods (AITIG) and will further facilitate and improve reciprocal trade, services, investment and economic relations in general. Trade with India amounted to $10.77 billion (RM44.50 billion) out of $12.02 billion (RM46.80 billion), down 4.9% from 2015; The signing of the ASEAN-India Trade in Goods Agreement (AITIGA) on 13 August 2009 in Bangkok paves the way for the creation of one of the largest free trade areas in the world, with nearly 1.8 billion people and a gross domestic product (GDP) of $4.5 trillion. A free trade agreement (FTA) is an international agreement between two or more countries aimed at reducing or reducing barriers to trade and bringing economic integration closer together. AITISA entered into force on 1 July 2015 for six ASEAN member countries, namely Brunei Darussalam, Malaysia, Myanmar, Singapore, Thailand and Vietnam and India. This agreement also entered into force for the Laos and Philippines region on 15 September 2015 and 6 December 2016 respectively. India will commit tariffs on 3 palm products to 45% by 31 December 2018 (these three products have been excluded from tariff concessions granted under the AITIG). India has a Schedule of Commitments (SOC) of 8 ASEAN countries and a separate SOC for Indonesia and the Philippines. Malaysia and India established the Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA) on 24 September 2010. Ministry of International Trade and Industry, Mr. Menara MITI, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia.
How do I know if my product is eligible for price reductions? Normal Track 1 (NT1): tariffs applicable to all products listed in NT1 are abolished until 30 September 2013, three months before AITIG; The value of non-originating materials is:. Customs (Goods under the ASEAN-India Comprehensive Economic Cooperation Agreement) 2009 The best display with Internet Explorer 10 and above with 1280 x 800 resolution How do I apply for a Certificate of Preferential Origin (PCO)? On 25 November 2014, on the sidelines of the 25th ASEAN Summit in Nay Pyi Taw, Myanmar, on 13 November 2014, the ASEAN-India Trade in Services Agreement (AITISA) was signed. India has committed to allow Malaysian foreign stakes of 49 to 100 percent in 84 service sectors, including professional services, health, telecommunications, retail and environmental services. In return, Malaysia has committed to allowing Indian foreign participation in 91 service sectors. Model Certificate of Origin (CO) – MICECA Form (Annex 3-3.1) Ms Zurina Abd Rahim DL: 03-6208 4751 E-mail: email@example.com The Framework Agreement has established a solid basis for the establishment of an ASEAN-India Free Trade Area (FTA) covering goods, services and investment. . As set out in Annex I to AITIGA, the Contracting Parties will lower and/or abolish their tariffs under a normal track (divided into normal tracks 1 and 2), sensitive track, special products and highly sensitive list. . . .