Escape on business after war, India made a big plan with 10 countries

New Delhi. The Government of India is struggling with a double front in the current situation. Military tension with Pakistan on one side and trade war by the US on the other side. The battle with Pakistan ended, but the chapter continues to break the tariff war of America even today. Now the government has started working on a big strategy to deal with it. To avoid the shocks of tariffs, the government is going to settle a border fee with 10 countries together. An official associated with the case said that India has signed an agreement (MRA) to recognize each other on a mutual basis with customs officials of nine countries. Till December this year, such agreements are being considered with 10 more countries. Under this agreement, the benefit of trade facility is given on mutual basis. This means that these agreements will benefit the same benefit to both countries. Also read – Big change in health scheme of government employees! The 20-year-old system has been closed, now how to raise the benefit, the government’s plan to International Customs Directorate (DIC) Principal Commissioner Akhil Kumar Khatri said that the agreement to recognize each other on mutual basis helps in promoting two-way trade. Khatri said in an event organized by Fio, a top organization of exporters in collaboration with the Central Indirect Taxes and Customs Board (CBIC), that we have signed these agreements with nine countries and by December 10 more countries will be made with such agreements. Its purpose is to provide mutual benefits to recognized and reliable exporters of both countries in the withdrawal of goods by customs authorities of the country importing. Which countries will be compromised, India has so far signed such agreements with the Customs Department of South Korea, Hong Kong, Taiwan, America, United Arab Emirates, Australia and Russia. Now by December, Uganda, East African community, South Africa, Japan, Bahrain, Singapore, New Zealand, Britain, Belarus and BRICS are monitored. What is AEO Program AAEO i.e. authorized Economic Operator World Customs Organization (WCO) is a program to make global trade safe and convenient. It is a voluntary compliance program, which enables Indian customs to increase and streamline cargo security through better cooperation with importers, exporters, logistics providers, guardians, guardians, guardians or terminal operators and warehouse operators including warehouse operators and warehouse operators. The AEO programs launched in India in 2011 enable the customs to identify and provide trade facility benefits to companies secure, compliance. It does not include things like tariffs or border fees for mutual trade of two countries under the program of tariffs. The government believes that if India makes such compromises with most countries, then the effect of tariff on it will be reduced considerably. After starting the US tariff war, Indian businessmen and exporters are feared to be affected.

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