Japan-India Comprehensive Economic Partnership Agreement (JICEPA)
The Japan-India Comprehensive Economic Partnership Agreement (JICEPA) is a bilateral trade agreement which was signed 16 February 2011 and came into force on 1 August 2011.
The agreement ratifies base tariffs in a broad number of sectors, including the energy products and their components:
- Electric motors, turbines and generators;
- Mechanical equipment including pumps, appliances, and other advanced machinery;
- Electric accumulators, transformers, capacitors, batteries; Motor vehicles;
- Mineral ore, slag and ash;
- Mineral fuels, oils and other products;
- Metals and their articles e.g. iron and steel;
- Semiconductors devices and photovoltaic cells;
Rules of origin applies and qualify good that is wholly produced in the parties' territories, or non-originating good provided that the good has a qualifying value content of not less than 35 percent; and/or all non-originating materials used in the production of the good have undergone in the Party a change in tariff classification at the six-digit level of the Harmonized System.
Want to know more about this policy ? Learn more