India's Foreign collaborations & counter trade arrangements

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A presentation (Office 13) describing the shift in India's policy towards foreign collaborations since liberalization. Includes illustrations to support the same. Concept of counter trade arrangements are also mentioned.

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India's Foreign collaborations & counter trade arrangements

  1. 1. Indian Policy on Foreign Trade Collaborations & Counter Trade Arrangements
  2. 2.  Collaboration is working with each other to do a task. It is a recursive process where two or more people or organizations work together to realize shared goals Collaboration
  3. 3.  Arrangement between two or more business entities so as to gain from the added advantage of shared manpower, technology and finance. Trade Collaboration
  4. 4.  “Foreign collaboration is an alliance incorporated to carry on the agreed task collectively with the participation (role) of resident and non-resident entities.” Foreign Trade Collaboration
  5. 5. Pre Liberalization Era Post Liberalization Era India & Foreign Collaborations
  6. 6.  Highly Restrictive Trade Policy  Protecting Market from foreign competition  Import Substitution Industrialisation  Export Pessimism backed by Swadeshi Principle  Comparative Advantage is not-at-all considered  Deep inward oriented approach  Our bilateral trade policy was heavily skewed toward the former communist countries  Kept out of emerging trade blocks Pre Liberalization Era
  7. 7.  India was a founding member of the General Agreement on Tariffs and Trade (GATT) in 1947  It was always influenced by its policy of non- alignment  Promoted the idea of a Special and Differential Treatment (SDT), allowing developing countries to exempt themselves from the central commitments made by developed countries. INDIA & GAAT
  8. 8.  Liberalized foreign Policy  Capital and Technology flow  Export oriented policy  Collaborations, both in number and value took pace in the growth rate  Free trade agreements emerged Post Liberalization Era
  9. 9.  The unrestricted purchase and sale of goods and services between countries without the imposition of constraints such as tariffs, duties and quotas.  Free trade is a win-win proposition because it enables nations to focus on their core competitive advantage(s), thereby maximizing economic output and fostering income growth for their citizens. Free Trade
  10. 10.  India Afghanistan Free Trade Agreement  India Bangladesh Free Trade Agreement  India Bhutan Free Trade Agreement  India Ceylon Free Trade Agreement  India Chile Free Trade Agreement  Agreement on South Asia Free Trade Area (SAFTA)  India Maldives Free Trade Agreement India’s Trade Agreements
  11. 11.  Asia Pacific Economic Cooperation (APEC)  Association of South-East Asian Nations (ASEAN)  Gulf Cooperative Countries (GCC) August 2004  With US & EU  Southern African Customs Union (SACU) India’s relation with Trade Associations
  12. 12. fall of the Soviet Union Asian financial crisis of 1997-98 India’s Balance of Payment crisis in 1990 Driving forces of the shift
  13. 13.  Countertrade means exchanging goods or services which are paid for, in whole or part, with other goods or services, rather than with money.  A monetary valuation can however be used in counter trade for accounting purposes. In dealings between sovereign states, the term bilateral trade is used. OR "Any transaction involving exchange of goods or service for something of equal value." Counter Trade Arrangements
  14. 14.  Barter  Switch Trading  Counter Purchase  Buy Back  Offset  Compensation Trade Types of counter trade
  15. 15.  Wheat  Tobacco  Tea  Coffee  Jute  Engineering  Electronic goods  Minerals including iron ore What we offer?
  16. 16.  Crude oil  Petroleum products  Chemicals  Steel and  Machinery What we Demand?
  17. 17.  BHEL-MMTC countertrade arrangement with Malaysia  Palm Oil – Hydro Power Project  4510 Cr worth deal Example
  18. 18. Thank You..

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