AGREEMENT ON TRADE RELATIONS BETWEEN THE GOVERNMENT OF INDIA AND THE GOVERNMENT OF THE FEDERAL PEOPLE'S REPUBLIC OF YUGOSLAVIA
New Delhi, 24 July 1953
The Government of India and the Government of the Federal People's Republic of Yugoslavia being equally desirous of establishing and
extending direct trade relations between their respective countries, have resolved to conclude a trade agreement for that purpose
and have agreed as follows :-
The Government of India and the Government of the Federal People's Republic of Yugoslavia agree to facilitate the exchange of goods
between their respective countries with a view to establishing and furthering trade between them.
1.With respect to customs duties and charges imposed on importation or exportation or the international transfer of payments for imports
or exports and with respect to the method of levying such duties or charges and with respect to any regulations, formalities and
charges to which customs clearing operations may be subject, any advantage, favour, privilege or immunity granted by either of the
Contracting Parties to any product originating in or destined for any other country shall be accorded immediately and unconditionally
to the like produce originating in or destined for the territory of the other Contracting Party.
2. The provisions of paragraph 1 shall not, however, apply to the grant or continuance of any- (a) advantages accorded by either of
the Contracting Parties to contiguous countries, in order to facilitate frontier traffic;
(b) advantages resulting from any Custom Union or free trade area to which either of the Contracting Parties is or may become a party;
(c) Preferences or advantages accorded by India to any country, existing on the date of this Agreement or in replacement of such
preferences or advantages that existed prior to the 15th August, 1957; or (d) Advantages accorded by virtue of a multilateral economic
agreement relating to international commerce.
Both the Contracting Parties will provide all facilities that they an reasonably accord in conformity with other international commitments
to secure that the ships of the Contracting Parties carry as large a proportion as possible of goods exported from or imported into
their respective countries under the agreement.
During the period of the agreement the Government of the Federal People's Republic of Yugoslavia agree to afford facilities equal
to any other country for importation from and exportation to India of goods specified in Schedules 'A' and 'B' hereto annexed. The
Government of India confirm that within the currency groups there would be no territorial discrimination and accordingly applications
for licences for goods for import from and export to Yugoslavia would be treated equally favourably with applications from any other
country of the currency group to which Yugoslavia may belong in accordance with the licensing procedure in force from time to time.
The above arrangement shall be without prejudice to any exceptional commitments in any specific trade agreement entered into by either
The Schedules are without prejudice to the rights of nationals or firms or enterprises of either country entering into business transactions
in respect of goods not specifically covered by Schedules, subject to and in confirmity with the laws and regulations in force from
time to time in either country.
Payments and other charges in connection with the import and export of goods between the two countries shall be settled in Rupees
or Sterling as mutually convenient.
During the currency of this agreement both Contracting Parties agree in order to facilit6ate the implementation of this Agreement
to consult each other in respect of any matter arising from or in connection with the exchange of goods between the two countries
in accordance with this Agreement.
This Agreement is subject to ratifiction and shall remain in force for a period of twelve months from the date of exchange of ratifications
and thereafter for such successive periods as may be mutually agreed upon before the expiry of this Agreement.
Any arrangements entered into between the Contracting Parties in anticipation of ratification shall be discharged whenever possible
as nearer as may be in the terms of this Agreement or if for any reason ratification is withheld by either of the Contracting Parties,
on principles of equity and reciprocity.
DONE AND SIGNED in English at New Delhi in duplicate on the 24th day of July, 1953.
(Sd.) JANEZ VIPOTNIK, For the Government of the Federal People's Republic of Yugoslavia.
(Sd.) S. BHOOTHALINGAM, For the Government of India.
SCHEDULE 'A' EXPORTS FROM INDIA TO YUGOSLAVIA
Cotton textile goods, Cotton thread Cotton raw, Cotton waste, Wool and woollen manufactures other than woollen yarn and woollen hosiery
and knitting yarn, Hosiery goods, Jute goods including gunny bags, Coir and coir products, Tea , Spices Pepper , Linseed oil Castor
oil , Hydrogenated oil , Essential oils such as sandalwood oil, B.P. and Lemon grass oil and palm rose oil and their seeds , Linoleum
, Shark liver oil , Potassium bromide , Magnesium chloride Sodiumbromide, Potasaiumbichromate Sodiumbichromate Liquid bromide Musk,
Paraffin wax Gununi indicum Nux vomica Strychnine Napthalene Papain Senna leaves Mica Manganese ore Shellac Myrobalan and myrobalan
extract Vegetable seeds for sowing (except onion and pepper) Artificial leather Rubber tyres and tubes permissible for export from
India Sewing machines Carding machines Sports goods Duplicating machines Crown corks Piston rings upto 6" diameter for automobiles.
Sodium sulphide Caffeine Patent and proprietary medicines, Galenicala , Ring frames and plain power looms , East India tanned kips,
East India tanned skins , Tobacco , Sillimanite
Cottage industry and handicraft products, - I cotton and silk, artistic silver, brass and bidri products, ivory articles, wood carvings,
EXPORTS FROM YUGOSLAVLA, TO INDIA
Maize Canned meat, fruits and vegetables Canned Fish in oil Wine, dessert and sparking wines, brandy, liquors and other alcoholic
beverages Mineral water Fruit juices Dried fruits Dried vegetables Marmalades andjams Tartaric and acetic acids Tea chests Hardboard
Wooden lasts Musical instruments Woollen fabrics Sewing thread Knitting manufactures (Stockings, underwear and knit goods of types
permissible for import into India) Haberdashery and drapery Copper sulphate Carbon black Lithopone Iron oxides Calcium carbide Caustic
soda Soda ash Explosives P.V.C. Sheeting and tubes Polyvinyl moulding powders Chemicals for textile and leather industries of types
permissible for imports into India Dyestuff of types permissible for import into India Animal glue Laboratory chemicals of types
permissible for import into India Pharmaceutical products and veterinary products of types permissible for import into India Medical
surgical apparatus and instruments of types permissible for import into India WoodPulp for paper making photographic paper, Writing
and printing Papers, cardboard, Stationery articles of types permissible for import into India, Marble in blocks and slabs, Fire
bricks, Asbestos manufactures other than asbestos cement sheets, Plate and sheet glass, Grinding wheels and segments of type, perriu5sible
for import into India, Capillary glass tubes Searidess pipes Welded pipes Spun cast iron pipes Copper and copper rolled and drawn
products (sheets, wires, cables, bars, profile, etc-) Zinc and manufactures (sheets, zincographic plates) Alurninium semi-manufactures
(sheets, wire, cables) Ferrochrome Ferrosilicon Steel chains of types permissible for import into India Bath tubs Domestic hardware
Weighing machines of types permissible for import into India Wire nails, horse shoe nails, shoe-grindery, bolts and nuts, wood screws,
rivets Tyres and axles Steel balls of types permissible for import into India Cutlery (table knives, forks and spoons) Iron and Steel
pipe fittings Fire extinguishers Fire fighting equipment other than fire extinguishers Welding electrodes Ball bearings of types
permissible for import into India Metal working, wood working and small tools of types permissible for import into India Agricultural
machinery and tools Power driven centrifugal and non-centrifugal pumps of types permissible for import into India Exhaust fans and
indu5txW air-conditioning plants Diesel engines of types permissible for import into India Building machinery Wood-working machines
of types permissible for import into India Machine tools of types permissible for import into India Steam boilers Bicycles and parts
Clocks Electrical installation material Cables and conductors Electromotors and transformers of types permissible for import into
India Hydrogenerators Electric drills of types permissible for import into India Wirelessparts Cinema projectors Electric meters
such as voltameters, ammeters of types permissible for import into India Industrial rubber belts of types permissible for import
into India Sanitary rubber goods, Phenol, Formaldehyde, Resinous sheets, tubes, rods and other materials Wirenetting Wiremesh , Forged
steel balls, steel drums and barrels Belt fasteners, Textile apparatus, Hardware, Ironmongery and tools, Builders Hardware, Hinges,
Locks and Bolts.
Economic Delegation of the Government of Federal People's Republic of Yugoslavia.
New Delhi, the 24th July, 1953
Dear Mr. BHOOTHALINGAM,
During the course of discussions that preceded today's conclusion of the Indo-Yugoslav Trade Agreement, it transpired that India is
interested in the import of capital goods. I am very happy to advise you that Yugoslavia is in a position to supply various types
of capital goods such as flour-mills and silos equipment, hydro-electric plants, steel constructions, bridges, overland transmission
and equipment for food industry.
(Sd.) JANEZ VIPOTNIK , State Secretary for Economic Affairs of LRS.
Shri S. BHOOTHALINGAM,
Secretary to the Government of India, Ministry of Commerce and Industry, New Delhi.
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
New Delhi, the 24th July, 1953
Dear Mr. VIPOTMIR,
I acknowledge the receipt of your letter of to-day's date reading as below : "During the course of discussions that preceded
today's conclusion of the Indo-Yugoslav Trade Agreement, it transpired that India is interested in the import of capital goods. I
am very happy to advise you that Yugoslavia is in a position to supply various types of capital goods such as flour-mills and silos
equipment, hydro-electric plants, steel constructions, bridges, overland transmission and equipment for food industry." I am
pleased to note that you are in a position to supply various types of capital goods.
(Sd.) S. BHOOTHALINGAM
JANEZ VIPOTMIR, Esquire,
Leader of the Trade Delegation of the
Government of the Peoples'Republic of Yugoslavia.