He said the sector would be one of the topics to be debated by the next parliaments in September and said: “The meeting can be an important step towards signing a free trade agreement between the two nations.” In the discussions that led today to the signing of a trade agreement between our two countries, it was agreed that the provisions of the second and third paragraphs of Article I will not be interpreted in such a way as to prevent both governments from following policies and practices that do not contradict the relevant international conventions or agreements of which the Government is a member. The two governments will work together to resolve any difficulties in this context. 13. JWG: The India-Philippines Joint Trade and Investment Working Group (JWG) meets fairly regularly under the chairmanship of our Minister of Trade and the Philippine Under-Secretary of State for Trade and Industry. The 12th Joint Working Group on Trade and Investment was held in New Delhi on 31 March 2016. Both sides noted with satisfaction that bilateral trade has grown steadily, while acknowledging that there is more room for manoeuvre. India and the Philippines have agreed to work on a preferential trade agreement (EPZ) that will reduce and eliminate tariffs on many products on which both sides will negotiate. The two parties, subject to their legislation, encourage and facilitate the reciprocal exchange of goods and services with a view to developing and expanding trade and diversifying trade between the two countries, taking into account for this purpose the proposals that can be made from time to time by both parties for this purpose. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S.
companies to get more information about how they can use these agreements. New Delhi, 26 March 1968The Government of India and the Government of the Republic of the Philippines (hereafter referred to as contracting parties) have agreed, within the framework of their respective laws and regulations, on the desire to develop and develop trade and economic relations between the two countries in their mutual interest:Article Ibeide the contracting parties, as part of their respective laws and regulations, have taken the necessary steps for the importation/export of goods, products listed in the attached flight plans A and B that are part of the prohibition or restriction Agreement.No, whether they take effect by quotas, importing export certificates or other measures, are imported or maintained by the government of one of the two countries for importing a product from the other country or for the export or sale of products destined for the other. With regard to the distribution of foreign exchange for transactions related to the import or export of goods and the management of foreign exchange restrictions related to these transactions, the government of each country treats the other country no less favourably than it gives to a third country. Article IISee contracting parties put in place reasonable arrangements for the importation and export of one or more goods that are not expressly mentioned in Flight Plans A and B. Article III Contracting parties encourage and facilitate, subject to their legislation, reciprocal exchanges of goods and services for the development and expansion of trade and the diversification of trade between the two countries and take into account, for this purpose, proposals that can be made from time to time by both parties for this purpose. Article IV The contracting parties unconditionally agree that a third country treats themselves no less favourably with respect to: (a) tariffs and taxes of any kind collected or levied for or in connection with import or export or imposed on the international transfer of import or export payments; b) the method of collecting these duties and taxes; (c) all import and export provisions and formalities; (d) the application of internal taxation to the former