In this type of agreement, two or more partners grant preferential import duty to certain products. This means reducing tariffs on an agreed number of tariff lines. This is a positive list, i.e. giving preferential access to the list of products on which the two partners have agreed. The thumb can even be reduced to zero for some products, even in a ZEP. India has signed a EPZ with Afghanistan. The framework agreement first defines the scope and provisions for the direction of the potential agreement between trading partners. It foresees a new field of discussion and sets the period for future liberalisation. India has already signed framework agreements with ASEAN, Japan, etc. 1.
The two sides agreed to hold consultations on a trade in services agreement no later than six months after this agreement came into force on the basis of the Article 8 date for trade in services and to conclude these consultations quickly (2). Consultations on the Trade in Services Agreement aim (1) to gradually reduce or eliminate restrictions on a large number of sectors in services trade between the two parties;2) further increase the breadth and depth of trade in services;3) to strengthen cooperation in service delivery between the two parties3. Each party can, at its sole discretion, accelerate the liberalisation or abolition of restrictive measures, on the basis of the restoration obligations in the Trade in Services Agreement. Therefore, even if a consensus on goods is reached at an early stage (which most nations want), it cannot be imposed in isolation; New Delhi will continue to insist that discussions on services and investment be successful in order to simultaneously implement agreements on the three pillars. (1) Both parties agreed to hold consultations on the issues covered in paragraph 2 within six months of the entry into force of this agreement and to reach an agreement quickly (2). Such an agreement includes, but is not limited to: 1) the establishment of an investment protection mechanism;2) greater transparency of investment rules;3) a gradual reduction of restrictions on reciprocal investment between the two parties;4) the promotion of investment facilitation. An information exchange system (ETS) is a precursor to an FREI/CECA/CEPA trade agreement between two trading partners. For example, RCEP`s early sleep program has been implemented. At this stage, the negotiating countries identify certain products for tariff liberalization until the conclusion of the real free trade negotiations.
An early Harvest system is therefore a step towards greater involvement and confidence building. Trade agreements are an agreement between two or more countries on certain terms of trade, trade, transit or investment. These are usually mutually beneficial concessions. Ram Upendra This, a professor at the research and information system for developing countries, said: “Insisting on “no early harvest” is a step in the right direction. Given the inherent dynamic economic impact on the links between trade in goods, trade in services and investment, rcep should be concluded as “the only company”. Otherwise, all profits from the economic complementarities resulting from the RCEP agreement would not be used. But he asked, “Why were the goods first, why not the services?” (1) In order to accelerate the achievement of the objectives of this agreement, both parties agreed to implement the early implementation programme for the sectors listed in Schedule IV and liberalisation measures.