Dated : 10th June, 2011

Both the  Government of India  and the Government of the Republic of the Philippines have notified reduction of tariff duties on imports and exports with  effect from 1st June, 2011 and thereby operationalising   between them the India-ASEAN Free Trade Agreement (FTA) on Trade-in-Goods signed in Bangkok on 13th August, 2009.

2.  The details of the  notification of the Government of India and the FTA are available on the following weblinks:

i) http://cbec.gov.in/customs/cs-act/notifications/notfns-2k11/cs-tarr2k11/cs46-2k11.htm
(Tariff schedule)
ii) http://commerce.gov.in    (Text of FTA)

3.   The Philippines notification is available on the following weblink:
http://www.tariffcommission.gov.ph/eo_25.htm

The India-Philippines trade has more than trebled from US $ 338.5 million in Financial Year (FY) 2001-2002 to US $ 1061.84 million in FY 2009-2010.  With the progressive  reduction   of tariff duties on imports and exports, the rate of growth of bilateral trade between India and the Philippines is expected to significantly  accelerate  boosted, undoubtedly,  by the robustness of both the economies.