3.2.5. Products which meet the origin requirements set out in point 3.2.2 and which are used by a Participant as an advance for a finished product eligible by another Participant shall be considered as originating in the territory of the Participant in which the finished product was worked or processed, provided that the total content originating in the territory of the Participant is at least 60 % of its f.o.b 6 value. The agreement will ease restrictions on foreign direct investment. Companies can own up to 65% of a company in the other country. [8] Both countries avoided problems in agriculture, fisheries and mining and chose not to reduce tariffs in these areas. This was due to the very sensitive nature of these sectors in the respective countries. [9] Trade between India and South Korea amounted to $15.6 billion in 2008. This is a significant increase from 2002, when total trade was $2.6 billion. [3] The Korea Institute of International Economic Policy estimates that the agreement will increase trade between the two countries by $3.3 billion.

[2] (b)products manufactured in India the production of which uses, in addition to the materials referred to in point 6.2.3, materials originating in Sri Lanka alone, provided that (i) that value added in India represents at least 25 % of the f.b value of the product intended for export, and (ii) this aggregate value added, i.e. that the total value added in India and Sri Lanka represents at least 35 % of the .b value of the product exportable. b. Products manufactured in India the manufacture of which uses materials and/or materials of undetermined origin imported from non-participating countries in addition to the materials and materials of undetermined origin referred to in point 4.2.4, provided that the value of materials and/or materials of undetermined origin imported from non-.b countries does not exceed 50 % of the f.o.b value of the product, subject to the conditions set out in point 4.2.5 below Listed conditions. The two parties to the agreement recognise that economic and trade liberalisation should allow for the optimal use of natural resources in accordance with the objective of sustainable development and decide to promote mutual trade and investment and avoid circumventing the benefits of regional trade integration by establishing clear and mutually beneficial trade rules, as well as industry, and regulatory cooperation. The agreement for South Korea joins a long list of existing bilateral and multilateral free trade agreements created under Korean President Roh Moo-hyun. [3] As for India, the negotiations coincided with the Look East initiative of outgoing Indian Prime Minister Manmohan Singh, which promised greater regional integration between India and East Asian markets. (b) Goods covered by the product-specific rule that meet one or a combination of the above criteria shall be deemed to originate in the exporting Party, subject to Article 10.2.5, provided that the final manufacturing process is carried out in the territory of the exporting Party. 6.2.2 The following goods are considered to originate in India.

(a) Products obtained entirely in India as defined in section 6.2.3. (e)the simple mixing of products, whether or not of different kinds, where one or more constituents of the mixture do not fulfil the conditions laid down in this Regulation for being considered as originating products; Under the CSTP, tariff concessions are exchanged between developing countries that have signed an agreement. Currently, 46 countries are members of the GSTP and India has exchanged tariff concessions with 12 countries for a limited number of products. The Export Inspection Board (IEC) is the only authority authorized to issue certificates of origin under the PWGS. 6.2.4. For the purposes of point 6.2.2(c)(i), materials of imported/undetermined origin shall be considered to be sufficiently worked or processed if the product obtained is classified in a heading (at the 4-digit level) of the Harmonised Commodity Description and Coding System (HS) different from that in which such materials of imported/undetermined origin are classified. The Government has also instructed certain bodies to issue a non-preferential certificate of origin in accordance with article II of the International Convention on the Simplification of Customs Formalities of 1923. These certificates of origin prove the origin of the goods and do not confer the right to preferential customs duties.

8.4Authorities authorized to issue certificates of originThe Export Inspection Board of India, through its field organizations, export inspection agencies and the Marine Products Export Development Authority. through its regional/subregional offices, are eligible for the issuance of certificates of origin in accordance with SAFTA. 9.2.5 Ineligible operations In any event, improper working or processing shall be considered to confer the status of originating products, whether or not the heading is altered: unless otherwise specified, products which satisfy the original requirements laid down in Regulation 10.2.2 and which are used as raw materials for finished products in the territory of a Contracting Party shall be deemed to be: for which preferential treatment is eligible under the Agreement, as products originating in the territory of the Party where the working or processing of the finished product took place, provided that the conditions of Rule 10.2.5 are met and that the total value added of the final product contained in India and Thailand is at least 40 % or the local value added content specified in the rule specific to product specific to the product. The designation of the official signing the forms must also be clearly indicated. c) Notices, if any, are on original headings and the invoice is either original or a Xerox confirmed by the authorized signatory and bearing a seal/stamp of the company and the name of the signatory. d) The certification fee has been paid using an acceptable instrument13.3PROCESSING OF APPLICATION FORMS13.3.1To as far as possible, CoO forms will be processed on a first-come, first-served basis.13.3.2 Where possible, forms received at the same time will be processed on the same day and delivered to exporters.13.3.3 Any identified gaps/additional information required will normally be on the back of the last a copy of the form and form, which will be returned to the exporter for compensation. Objections or presentation of the required information.13.4 ISSUANCE OF THE CERTIFICATE OF ORIGIN13.4.1 A certificate shall be issued for a consignment. The consignment has been defined as products which are either dispatched simultaneously from an exporter to a consignee or for which a single transport document applies to his shipment from exporter to consignee or, in the absence of such a document, a single document for a single invoice.13.4.2 In exceptional cases (and not regularly or systematically), a certificate of origin may be issued after dispatch: if this is due to an error, unintentional omission or other special circumstances, at the time of export of the products, no application for a certificate has been submitted to the authority. .