Class 12 Exam > Class 12 Questions > When did the ASEAN-India FTA come into effect...
Start Learning for Free
When did the ASEAN-India FTA come into effect?
- a)2007
- b)2006
- c)2013
- d)2010
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010...
The ASEAN-India Free Trade Agreement (FTA) came into effect on January 1, 2010.
The ASEAN-India FTA is a regional trade agreement between the Association of Southeast Asian Nations (ASEAN) and India that was signed in 2009. It aims to promote economic cooperation and trade between the two regions by reducing tariffs on goods and services and facilitating the movement of goods, services, and people across national borders.
The ASEAN-India FTA covers a wide range of areas, including trade in goods, trade in services, investment, economic cooperation, and intellectual property rights. It is considered to be an important step in the economic integration of Southeast Asia and India, and is expected to benefit businesses, consumers, and economic development in both regions.
Free Test
FREE
| Start Free Test |
Community Answer
When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010...
The ASEAN-India Free Trade Area (AIFTA) is a free trade area between the Association of Southeast Asian Nations (ASEAN) and India. It was signed on August 13, 2009, and came into effect on January 1, 2010.
Below are the key points of the ASEAN-India FTA:
1. Objective: To enhance economic cooperation between ASEAN and India through the elimination of tariffs on goods traded between the two regions.
2. Coverage: The agreement covers trade in goods, services, and investment.
3. Tariff Reduction: The agreement aims to reduce tariffs on goods traded between ASEAN and India. As per the agreement, India will eliminate tariffs on 74.8% of its tariff lines, while ASEAN will eliminate tariffs on 90% of its tariff lines.
4. Special provisions: The agreement also includes special provisions on rules of origin, customs procedures, and trade facilitation to ensure smooth trade between the two regions.
5. Benefits: The agreement is expected to boost trade and investment between ASEAN and India and promote economic growth in both regions.
In conclusion, the ASEAN-India FTA was signed on August 13, 2009, and came into effect on January 1, 2010, with the objective of enhancing economic cooperation and boosting trade and investment between ASEAN and India. The agreement aims to reduce tariffs on goods traded between the two regions and includes special provisions on rules of origin, customs procedures, and trade facilitation.
Below are the key points of the ASEAN-India FTA:
1. Objective: To enhance economic cooperation between ASEAN and India through the elimination of tariffs on goods traded between the two regions.
2. Coverage: The agreement covers trade in goods, services, and investment.
3. Tariff Reduction: The agreement aims to reduce tariffs on goods traded between ASEAN and India. As per the agreement, India will eliminate tariffs on 74.8% of its tariff lines, while ASEAN will eliminate tariffs on 90% of its tariff lines.
4. Special provisions: The agreement also includes special provisions on rules of origin, customs procedures, and trade facilitation to ensure smooth trade between the two regions.
5. Benefits: The agreement is expected to boost trade and investment between ASEAN and India and promote economic growth in both regions.
In conclusion, the ASEAN-India FTA was signed on August 13, 2009, and came into effect on January 1, 2010, with the objective of enhancing economic cooperation and boosting trade and investment between ASEAN and India. The agreement aims to reduce tariffs on goods traded between the two regions and includes special provisions on rules of origin, customs procedures, and trade facilitation.
|
Explore Courses for Class 12 exam
|
|
When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer?
Question Description
When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer?.
When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer? for Class 12 2025 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer?.
Solutions for When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12.
Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.
Here you can find the meaning of When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer?, a detailed solution for When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice When did the ASEAN-India FTA come into effect?a)2007b)2006c)2013d)2010Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Class 12 tests.
|
|
Explore Courses for Class 12 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup