4. It was agreed that the general procedure lines for the clearance and movement of the products covered in the previous paragraphs can be defined as: (i) in order to facilitate customs clearance and transport, the Government of the People`s Republic of China will charge the Indian government in advance that these goods will be transported to the Tibet region of the People`s Republic of China. to determine whether authorizations and transfer opportunities can be granted, taking into account the availability of these products in India. Issues relating to the transport of these goods are discussed and resolved between the Chinese Embassy in New Delhi and the Indian government. (ii) Goods to be cleared are registered for import at the Calcutta port customs. (iii) Subject to Indian customs provisions and the filing requested by customs authorities, goods are processed under customs for continued travel to the Tibet region of the People`s Republic of China on agreed routes. (iv) the goods are manufactured with intact seals in front of the field customs officer at the final point of departure and are made available for export to the Tibet region of the People`s Republic of China. The EU is India`s largest trading partner, accounting for 11.1% of India`s total trade, on an equal footing with the United States and China (10.7%) ». We are confident that free trade agreements with the EU and the US will benefit India and that talks will resume,” said Gopal Krishna Agarwal, national spokesman for the Bharatiya Janata Party for Economic Affairs.
“India is not opposed to trade agreements with other countries, although now, it seems, after the release of the RCEP, the popular idea is that we understand the need to remain integrated at the global and regional level,” Agarwal added. The People`s Republic of China has bilateral trade agreements with the blocs, countries and their two specific administrative regions: Turkey has bilateral and multilateral agreements with: Vietnam, which forms as a strong competition for many economies, has already signed a trade pact with the EU. One of the EU`s main objectives in its trade relations with India is to work towards a strong, transparent, open, non-discriminatory and predictable regulatory and trade environment for European companies that trade with India or invest in India, including the protection of their investments and intellectual property.