TradeLane

If it feels like the Australia-India Comprehensive Economic Cooperation Agreement (AI CECA) has been a long time coming, it’s only because it has…

Negotiations commenced in May of 2011 and suspended in 2015 while both countries pursued multilateral agreements before recommencing in June of 2020. On the 2^nd of April 2022, however, an interim Australia-India Economic Cooperation and Trade Agreement (AI ECTA) was signed, effectively fast-tracking some of the key economic benefits whilst the larger AI CECA continues to be negotiated.

Objective of the AEO Program

Apart from revenue collection, Trade Security and Trade Facilitation are important areas for customs agencies around the world. In order to secure and facilitate the trade, the World Customs Organisation (WCO) has adopted the SAFE framework of standards in 2005, which includes the Authorized Economic Operator Program (AEO Program) as one of three key pillars. India, as a member of the WCO, has adopted the AEO Program through the Customs Act, 1962.

Finally, the gloves are out from both sides. The Indian Government has decided to implement retaliatory duties on 28 goods originating in or exported from the US. The increased tariffs have been made applicable from June 16, 2019.

We are pleased to announce the expansion of our Tradewin India practice to include Delhi, where many clients have expressed a need for our practical Customs & Trade consulting services.