Indian shipping in international trade

1. The Facilitation of Indian Shipping in
the International Trade

2. Contents
• Introduction
• Research Methodology
• Objectives
• Benefits
• Trade Facilitation Under SAFTA, WTO, OECD
• Dwell Time
• Conclusion

3. Introduction
• WTO defi es Trade Facilitatio as the
simplification and harmonization of
i ter atio al trade procedures coveri g the
activities, practices a d for alities i volved
in collecting, presenting, communicating and
processing data required for the movement of
goods i the prese t i ter atio al trade .

4. Research Methodology
• The topic is exploratory in nature. Source of
data collection is secondary.
• Data is collected from websites, articles,
thesis, maritime magazines and previous
reports.

5. Objectives
• Study of SAFTA, OECD, WTO, agreement for
trade facilitation.
• How to facilitate the Indian Shipping.
Benefits
• Everybody and everyone stands to gain from
making the process of trade easier.
• Government, Businessmen, Customers will
gain from making the trade easy.

6. Trade Facilitation Under SAFTA
• It is consists of the countries like Bangladesh,
Bhutan, India, Maldives, Nepal, Pakistan and
Sri Lanka.
• The objective of SAFTA was to reduce
customs duties of all traded goods to zero by
the year 2017.
• Factors Discussed:
- Sea Transportation
- Transit

7. Trade Facilitation Under WTO
• Articles Discussed in the report are :
Article V (Freedom of Transit)
Article VII (Fees, formalities for import and
export)
Article X (Publication and Administration of
Trade rules)

8. Custom Clearance Procedures
• Procedure for import goods
• Procedure for Export goods
Dwell Time
• The total time taken for the clearance of the
import and export goods is dweel time.

9. • Dwell Time is one of the important indicators
for the trade facilitation.
• An average time taken for the import
clearance around 10 to 11 days.
• An average time taken for export clearance is
around 5 -7 days.

10. Actions to Reduce the Dwell Time
• Import General Manifest
• Filing Bill of Entry
• Delivery Order
• Shifting Cargo to CFS
• Payment of Duty
• Transit Goods

11. Conclusion
• Encourage online transaction
• Use of EDI
• Transparency of process
• Labs with internet technology