Ahlawat & Associates’ Post

2024 has started on a good note for the long awaited #freetradeagreement between India and the UK. According to official sources, the 14th rounds of talks are being held in New Delhi to finalize the negotiations on the chapters pertaining to goods and services. "The majority of the chapters are either closed or at an advanced stage of negotiation. Discussions are being held at the higher level as well as at the team level to iron out differences," Additional Secretary in the Department of Commerce L. Satya Srinivas told reporters. CMI & Co. | Century Maxim India | Tech India Advocates | Zone Capital Advisors #indiauk #india #uk #freetradeagreement #fta #indiaukcorridor #dataprotection #techpartnership #legal #legalconsulting #strategyconsulting #legaladvice

MSMEs are crucial for the Indian economy. Their full fledged participation in the global value chain (GVC) is most critical for their global success. This can be largely achieved by provisioning for them in the modern Free Trade Agreements (FTAs). Against this backdrop, this article, co - authored by Swati Sharma and me explores SME- related provisions in FTAs that India is a signatory to. While focusing on the role SMEs play in GVCs, it highlights the challenges and issues faced by SMEs, especially in India and how FTAs can be utilised to address the participation of SMEs in international trade. The article extrapolates SME- related provisions of a select few FTAs to cull out the best practices to make FTAs more inclusive and, lastly make policy recommendations. We very passionately follow global economic, geo - political developments, trade and current affairs and this article stems from such interest and our work at the juncture of government and industry. AQUILAW AQUILAW IQ Bar & Bench

Exporters seeks exemption from 45 days payment!! Around 150,000 exporters, represented by as many as 15 export promotion councils, including the Federation of Indian Export Organisations, have raised concerns over the provision, saying it will impact their liquidity as payments for exports are received with an average time lag of 120 days, although the Reserve Bank of India allows a nine-month period to realise export proceeds as sometimes it takes even longer. Exporters have sought this to be extended to 120 days and supplies to micro, small and medium enterprises (MSMEs) to be kept outside the scope of this provision. #msme #workingcapital #restructuring #law #legal #rbi #exporters #ministry

🌐 India and Its Free Trade Agreements (FTAs) 🌐 India has been actively pursuing Free Trade Agreements (FTAs) globally, aiming to eliminate trade barriers, tariffs, and protective quotas that hinder the free flow of goods and services. These agreements offer significant benefits such as increased trade, job creation, and economic growth, but also pose challenges. Key Benefits of FTAs: Export Opportunities: Enhanced competitiveness of Indian exports. Access to New Markets: Opening up previously inaccessible markets. Foreign Direct Investment (FDI): Attracting foreign investors. Increased Efficiency and Innovation: Driving domestic firms to improve. Challenges to Consider: Job Losses in Certain Industries: Increased competition from low-priced imports. Trade Deficit: Potential outflow of foreign exchange. Import Dependence: Vulnerability to global market fluctuations. Unequal Benefits: Disparities across sectors and regions. India's Recent FTAs: India–European Free Trade Association Trade and Economic Partnership Agreement: Expected to boost trade value by $100 billion in 15 years. Australia-India Economic Cooperation and Trade Agreement: Making over 85% of Australian goods exports to India duty-free by January 1, 2026. India-Mauritius CECPA: Effective since 2021. India-UAE CEPA: Operational since 2022. Conclusion: India’s journey with FTAs requires careful negotiation, strategic implementation, and robust domestic reforms to maximize benefits while minimizing potential downsides. For a detailed analysis of India's FTAs, read more https://lnkd.in/gpVXWMtA

The advocacy & extension on the payment up to 120 days is not a logical solution for any exporters to get any MSMEs be held responsible of the trade uncertainty,since any of the vendor specifically service providers is not a stake holder in their profit earned on export so why such concerns are overhyped.

Best practice to follow: linking MSMEs to export markets, through an ePlatform. India is taking important steps to inclusive economic growth. Thanks for sharing Anthony (Tony) Cambas, LCB, CCS, CGBP . #exports #MSMEs #MIPYME #trade

India has created theTrade Connect ePlatform to connect Indian entrepreneurs, MSMEs and larger companies with key information to help expand export sales. #india #southasia #smes #msmes #exports #exporting #exporters #smeexporters #exportpromotion #exportdevelopment #exportassistance @tradepolicy #tradefacilitation

Being a cross-border remittance platform, we closely observe developments in financial support schemes that impact international trade and remittances. The anticipated extension of the export credit scheme by the Centre is a strategic move that promises to bolster the competitiveness of India's export sector, which has faced challenges due to economic slowdowns in developed countries Few pointers here: Strategic Move for Competitiveness: The extension of the export credit scheme aims to enhance the competitiveness of India's export sector amid slowdowns in developed countries. Interest Equalisation Scheme Extension: Proposal to extend the scheme for another five years so, MSMEs will continue to get benefit of 3% interest subsidy on 410 identified tariff lines and 2% incentive. Government Commitment: Significant funds allocated to the tune of ₹9,538 crore since 2021-22, with an additional ₹2,500 crore in December last year with benefit capped at ₹10 crore per annum per import-export code to ensure targeted support and prevent misuse. MSMEs face higher credit costs, and the scheme alleviates financial pressure. Industry Demands and Government Response: Industry calls for higher incentive rates of 5% for MSMEs and 3% for exporters of identified products but, the current rates maintained to offer balanced, sustainable support within fiscal constraints. Impact on Cross-Border Remittance Platforms: Robust export sector strengthens the overall economy, leading to increased incomes and higher remittance flows. There will be an indirect positive impact on cross-border transactions facilitated by remittance platforms. #crossborderpayments #exporters #leremitt #internationaltrade

Commerce Dept Mulls Options for Key Export Schemes: A Boon for Indian Exporters? The Indian government is considering extending two crucial export incentive schemes: Interest Equalization Scheme and RoDTEP. This is a positive development for Indian exporters who have been grappling with muted global demand and other challenges. What do these schemes mean for Indian exporters? - Interest Equalization Scheme: This scheme provides interest rate subsidies to small businesses exporting specific products. An extension would offer much-needed relief to these businesses. - RoDTEP: This scheme reimburses exporters for state and central taxes embedded in export products. Its continuation would enhance the competitiveness of Indian exports in the global market. While the government is exploring options including reducing incentives if additional funds aren't allocated, it's clear that there's a strong push to support exporters. https://lnkd.in/guSckGXi #India #exports #exportincentives #InterestEqualizationScheme #RoDTEP #commerceministry #economy #business #trade #globaltrade #MSMEs #smallbusiness #government #policy #news #update

Evolving business ecosystem of India & Europe following the implementation of the Trade and Economic Partnership Agreement. Explore the opportunities, challenges, and key trends shaping the future for Indian enterprises. https://buff.ly/3xVS8cA #TEPA #EFTA #FTA #FreeTradeAgreement #Europe #India #StartupBasics #Business