The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

ASSOCHAM Roundtable on
Export Subsidy Issues and RCEP: Challenges and Implications

28 March, 2019 , Delhi

 

 

About Event  | Brochure


Background
 
The US has challenged Indian export subsidy schemes at the World Trade Organisation, saying these programmes harm American workers by creating an "uneven" playing field. The US Trade Representative (USTR) argued that at least half a dozen Indian programmes provide financial benefits to Indian exporters, which allow them to sell their goods more cheaply to the detriment of American workers and manufacturers. These programs are: the Merchandise Exports from India Scheme; Export Oriented Units Scheme and sector specific schemes, including Electronics Hardware Technology Parks Scheme, Special Economic Zones, Export Promotion Capital Goods Scheme and Duty Free Imports for Exporters Programme.
 
The European Union, Russia, China, Japan and eight other countries have backed the US complaint against India’s export promotion schemes at the World Trade Organisation (WTO). These countries have joined the dispute as third parties. The US has challenged almost all of India’s export programmes at the WTO saying they will harm its workers, citing the Agreement on Subsidies and Countervailing Measures (ASCM). It pegged the subsidies at $7 billion.
 
Also, in addition to above India is under consideration to sign proposed FTA; Regional Comprehensive Economic Partnership (RCEP). RCEP comprises the 10-member ASEAN grouping and its six free trade partners, including China, India, Japan, South Korea, Australia and New Zealand. Once concluded, RCEP will create the largest regional trading bloc, making up 25 percent of GDP, 30 percent of global trade, 26 percent of foreign direct investment (FDI) flows and would bring large income gains, of $ 260-644 billion, to the world economy in a decade or so.
 
India has a whopping $104 billion trade deficit with the 16-member Regional Comprehensive Economic Partnership (RCEP) grouping, which is 64 percent of India’s total trade deficit of 2017-18. No wonder, there is a raging debate on whether India should remain or quit the RCEP negotiations.

Against the backdrop, ASSOCHAM is pleased to announce the Roundtable Conference on ‘Exports Subsidy & RCEP’ under the ASSOCHAM National Council of WTO, Trade and Investment on March 28, 2019 during 2 PM to 5 PM at New Delhi.

Time Line

  • 02:00 PM – 5:00 PM, 28th March 2019, New Delhi
  • May 2019, Mumbai (date to announce)
  • May 2019, Chennai (date to announce)
  • June 2019, Bangalore (date to announce)
 
Areas for Discussion

  • How India should defend its Export Subsidies.
  • If India fails at WTO, what kind of impact on India exporters and industry?
  • What should be the road map for Govt. to introduce alternative support systems to maintain India’s volume of exports and its degree of export competitiveness?
  • Concerns, challenges and impact of RCEP on India’s trade and investment.
  • Safeguard issues under RCEP.

Key Deliverables of Roundtables and Conference

  • Outcome report will be prepared on the basis of each deliberation.
  • Policy recommendation to Govt. Authorities.
  • Interaction with Leading Industry representatives,  Government Officials,  Policy  Makers,  Multilateral Agencies on a single platform.
  • Exchange ideas & discuss challenges and opportunities during discussions
  • Capitalize on the opportunity to make lasting connections, share best practices and network with potential customers.

WHO SHOULD ATTEND

The roundtable conference is targeted at: Managing Directors, Directors, CEOs, CFOs, , Export Head, International Trade – Head, Corporate Affairs (Head), Middle & Sr. Level Officers, Advocates, Consultants dealing in policy related to international trade in the industry.

For Partnership and Opportunities

Please contact Mr. Rohit Jain (+91-9818082459) rohit.jain@assocham.com

For more details please contact: 



Corporate Office
The Associated Chambers of Commerce and Industry of India
ASSOCHAM Corporate Office, 5, Sardar Patel Marg
Chanakyapuri, New Delhi - 110021
Phone: 46550555 (Hunting Line)
Fax: 01123017008/9

Email: assocham@nic.in