India's Ministry of Commerce and Industry seeks Cabinet approval for new SOPs for FTAs, emphasizing reciprocity and stricter rules of origin.
India's Ministry of Commerce and Industry is seeking Cabinet approval for new standard operating procedures (SOPs) for negotiating free trade agreements (FTAs). These guidelines will incorporate issues like labor, environment, and digital services, while emphasizing reciprocity and stricter rules of origin to avoid misuse by countries like China. The SOPs aim to enhance market access and sustainability, and a detailed impact study will precede any new agreements.
October 21, 2024
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