Fearing adverse impact on foreign investment inflow and bilateral trade with Japan, and other ASEAN countries, the Japanese industry has urged the Indian government to put on hold the new Customs Rules of Origin (CAROTAR 2020) for the time being, and review the terms of Economic Partnership Agreement (EPA) and Foreign Trade Agreement (FTA) entered into with the partner countries.
It is also feared that the deteriorating situation could benefit China and gradually it would become difficult for India to reduce its dependency on it. Read more...
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