TRIORITY
CLAIR
FM DELHI 86263OZ
UNCLASSIFIED
NEUTRAL
温州
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TC PRIORITY FCO TEINO 49 OF 6 JANUARY.
YOUR TEL NO 21.
G.S.P. TRADE AGREEMENT WAIVER.
1. WAIVER RECEIVED ON EVENING OF 5 JANUARY. DOCUMENT FOLLOWS
BY BAG.
2.
WAIVER GIVEN ON THE FOLLOWING UNDERSTANDINGS:
A) H.M.G. SHOULD ENSURE THAT IN MATTERS CONCERNING LEVY DUTIES AND TAXES, QUANTITATIVE RESTRICTIONS OR OTHER TRADE REGULATIONS, INDIA'S TRADE DID NOT SUFFER ANY DISADVANTAGE IN RELATION TO GOODS IMPORTED FROM ANY OTHER COUNTRY.
B)
IF,
AS A RESULT OF THE PREFERENCES EXTENDED BY THE U.K. UNDER THE UNCTAD GENERALI SED PREFERENCE SCHEME IN RESPECT OF ANY SPECIFIED PRODUCT, THE EXPORTS OF INDIA TO THE WORLD MARKETS IN THAT PRODUCT SUFFER A DECLINE, THE GOVERNMENT OF THE UNITED KINGDOM WOULD GIVE SYMPATHETIC CONSIDERATION TO REPRESENTATIONS FOR USING THEIR INFLUENCE TO SECURE IMPROVED ACCESS TO OTHER MARKETS FOR THE PRODUCT IN QUESTION AND IN THE ABSENCE OF ADEQUATE RESPONSE FROM THE GOVERNMENTS OF THE DEVELOPED COUNTRIES, TO THE RESTORATION OF THE COMMONWEALTH PREFERENCE IN RESPECT OF THAT
PRODUCT.
C) IN THE LIGHT OF THE DECISIONS OF UNCTAD ON OUTSTANDING QUESTIONS RELATING TO PRODUCT COVERAGE, DEPTH OF TARIFF CUTS, SAFEGUARD MECHANISM, DENEFICIARY COUNTRIES, REVERSEFERENCE, ETC.
SHOULD H.M.G. DECIDE AT ANY TIME TO WITHDRAW THE PREFERENCE RELATING TO ANY PRODUCT GIVEN UNDER THE G.S.P.. THEY UNDERTAKE TO RESTORE SIMULTANEOUSLY THE COMMONWEALTH PREFERENCE IN RESPECT
OF THE PRODUCT IN QUESTION: AND
11) IF THE GOVERNMENT OF INDIA ARE REQUIRED TO MODIFY OR SUSPEND: THE PREFERENCE FOR BRITISH GOODS PROVIDED UNDER THE INDIAN CUSTOMS TARIFF, TO CONSIDER SYMPATHETICALLY THE REQUEST
OF THE GOVERNMENT OF INDIA FOR THE WAIVER OF THEIR OBLICATIONS
/UNDER U.K.