TRADE AGREEMENT BETWEEN THE GOVERNMENT OF INDIA AND THE GOVERNMENT OF GREECE
New Delhi, 14 February 1958
The Government of India and the Government of Greece being desirous of strengthening and developing commercial relations between the
two countries have agreed as follows
The Contracting Parties agree to accord, subject to their respective import, export and foreign exchange regulations, necessary facilities
for the import and export of the commodities mentioned in the attached lists 'A' and 'B'. These lists shall remain in force upto
the 31st December, 1958 and thereafter shall be adopted afresh for each calendar year.
Subject to specific commitments, if any, with neighbouring countries, commodities from Greece will enjoy, in the matter of import
licensing into India, terms no less favourable than those accorded to any other countries in the soft currency area, which includes
the countries of the sterling area. Similarly, subject to specific commitments, if any, with neighbouring countries, the import of
Indian commodities into Greece shall enjoy the same treatment as is accorded to imports from the countries included in the Organisation
for European Economic Co-operation.
The Contracting Parties shall also endeavour to develop trade in goods not mentioned in Lists 'A' and 'B' in accordance with their
import, export and foreign exchange regulations in force from time to time.
The Contracting Parties shall consult with each other whenever necessary in order to facilitate the implementation of this Agreement.
The two Contracting Parties shall, at the request of either Party, discuss any matters, not falling strictly within the scope of this
Agreement, for developing their commercial relations to the mutual benefit of both countries.
Payments for goods exchanged and all other payments authorised under the exchange control system in force in each country shall be
settled in pound sterling.
Ships of both countries while entering, staying in or leaving the ports and waters of either country shall enjoy the most favoured
nation treatment accorded, by the respective laws, rules and regulations to ships, save those engaged in coastal navigation which
is reserved for national shipping. The two Governments shall also endeavour to promote shipping between the two countries.
This agreement shall come into force on the date of signature and shall be valid up to 31st December 1959, whereafter the two Parties
will be free to extend it from year to year by means of exchange of letters and subject to such modifications as may be agreed upon
in this behalf.
DONE AND SIGNED, in duplicate, in English, both documents being authentic, in New Delhi on the 14th day of February, 1958.
Sd/- S. RANGANATHAN,
For.the Government of India.
Sd/- NICHOLAS HADII VASSILIOU,
For the Government of Greece.
UST'A' GREEK COMMODITIES FOR EXPORT TO INDIA
1. Dried figs 2. Currants, sultanas and other dried fruits 3. Grapes 4. Olives 5. Olive oil 6. Lemons and oranges 7. Mastic
8. Honey 9. Tobacco 10. Cigarettes 11. Wines and alcoholic beverages 12. Tomato paste 13. Saffron 14. Canned vegetables 15. Sulphur
16. Soap 17. Acorn tanning extracts 18. Activated carbon 19. Marbles 20. Emery and corundum 21. Iron, zinc, manganese and chrome
ore 22. Magnesite 23. Cement other than portland 24. Barytes 25. Sponges 26. Agricultural machinery and tools 27. Electric motors
28. Diesel engines 29. Cooking stoves and spare parts 30. Gas stoves 31. Cotton 32. Cotton yarns 33. Rayonyarns 34. Cotton and rayon
textiles 35. Woollen cloth 36, Carpets
INDIAN COMMODITIES FOR EXPORT TO GREECE
1. Linen 2. Jute products 3. Linseed oil 4. Coffee 5. Cocoa 6. Tea 7. Spices including pepper 8. Rubber manufactures 9. Raw rubber
other than sole crepe rubber 10. Paraffin 11. Gums other than gum arabic 12. Gutta-percha 13. Raw goat skins and sheep skins known
as Amritsar Papras 14. Tanned hides and skins (Buffaloes and others) 15. Wool 16. Resins other than aloe resin, 17. Raw hemp 18. Vegetable oils 19. Leather 20. Cotton, raw 21. Cotton piecegoods 22. Shellac 23. Cashewnut,
and cashewshell oil 24. Mica 25. Tobacco, cigars and cigarettes 26. Coir products 27. Sports goods 28. Plastieproducts 29. Linoleum
and leather cloth 30. Scientific instruments 31. Engineering goods such as bicycles, sewing machines, electrical goods, etc.32. Chemical
engineering goods like bichromates, paints, enamel, varnishes, matches and fire works, etc. 33. Drugs and medicines 34. Glassware
and ceramics 35. Handicrafts, artware, handloom cloth and carpets 36. Mango chutnies and other fruit products,
EXCHANGE OF LETTERS, NEW DELHI, 2 MARCH 1960
ROYAL GREEK EMBASSY
New Delhi, the 2nd of March, 1960
Dear Mr. KHILNANI,
With reference to article 7 of the Trade Agreement between India
and Greece, signed on the 14th of February, 1958, in New Delhi, I have the honour to say that as a result of our discussions it has
been agreed between our two Governments that the agreement referred to above is renewed and extended up to the 31st December 1960,
subject to the modification that sugar will be added as item No. 37 to list "B" which lists the Indian Commodities for
Export to Greece. I shall be glad if you will confirm that the above represents the understanding reached between ourselves.
Sd/- N. HADJI VASSILIOU,
Ambassador of Greece.
Mr. K.R.F. KHILNANI Joint Secretary to the Government of India Ministry of Commerce and Industry
GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY
New Delhi, 2nd March 1960
Dear Mr. AMBASSADOR,
I have the honour to acknowledge the receipt of your letter of today's date which reads as follows -
I confirm that this sets out correctly the understanding reached between us.
(Sd.) K.R.F. KHiLNANI,
H.E. Mr. NICOLAS HADJI VASSILIOU, Ambassador of Greece, New Delhi.