This article is regarding the India-Australia Economic
Co-Operation and Trade Agreement (ECTA) which was signed
on April 2nd 2022 and is part of our ongoing series on the historic
deal.
As the title of the article suggests, this will cover the rules
of origin in reference to the trade agreement between India and
Australia. To put it simply, these rules are considered to be
highly technical parameters for regulatory purposes, and they
determine the economic nationality of any goods. In the FTA, such
rules are based on the tariff classification in the harmonized
system and on a few other trade factors.
Fundamentally, they're used for the following functions:
- to implement different sorts of commercial policy such as
measures of safeguarding.