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TRADE AGREEMENT BETWEEN THE GOVERNMENT OF INDIA AND [1973] INTSer 17

TRADE AGREEMENT BETWEEN THE GOVERNMENT OF INDIA AND
THE GOVERNMENT OF THE REPUBLIC OF TURKEY

New Delhi, 19 September 1973

The Government of Republic of INDIA

AND

The Government of the Republic of Turkey

DESIROUS of promoting and expanding their economic and commercial relations

HAVE AGREED as follows :

Article I

The exchange of goods between India and Turkey shall be subject to and effected within the scope of the General Import and Export Laws, Rules and Regulations in force in each country.

Article II

Both Contracting Parties, subject to their respective import, export, foreign exchange and other regulations in force shall grant maximum possible facilities and take appropriate measures to promote trade between the two countries generally and in particular with regard to the goods listed in Schedules A & B annexed to this Agreement.

These schedules are indicative in nature and goods not included in the above mentioned indicative Schedules will also be exchanged in accordance with the existing import and export laws and rules and regulations in both countries.

Article III

All payments and charges in connection with the commercial transactions between the two countries will be made in convertible currencies agreed upon by the respective Central Banks of the two Regulations in force in each country.

Article IV

Subject to their respective Laws, Rules and Regulations, both Contracting Parties agree to grant to each other all required facilities and assistance for holding and participating in Trade Fairs and Exhibitions and visits of businessmen and Trade delegations in their respective territories.

Article V

Both Contracting Parties will encourage and provide, subject to the existing laws, Rules and Regulations maximum possible facilities to the trading organisations in their respective countries to establish relationship with the trading organisations in the other country in order to promote trade between the two countries.

Article VI

Subject to Laws, Rules and Regulations in force in both countries businessmen and enterprises of either party shall be accorded maximum possible facilities for carrying on legitimate and permissible commercial activities.

Article VII

The two Contracting Parties agree to set up a Joint Committee comprising their representatives, to meet upon the request of either party in New Delhi and Ankara alternatively at a mutually agreed date, in order to facilitate the implementation of the present Agreement and to solve the problems relevant to its application, as well as recommending measures aiming at the promotion of trade between the two countries.

Article VIII

The present Agreement shall come into force from the date of its signature, subject to its final ratification in accordance with the respective procedures of each Contracting Party and shall remain in force for a period of one year and shall thereafter be automatically renewed for further similar periods, unless a written notice of termination is given by either party two months prior to the expiry of the Agreement.

DONE in New Delhi on 19 September 1973 in Duplicate in Hindi, Turkish and English languages. The three texts will be equally authentic. In case ase of doubt, with regard to the interpretation of the Agreement, the English text will prevail.

Sd/- Sd/-
for the Government of India for the Government of Turkey

LIST A
LIST OF ITEMS AVAILABLE FOR EXPORT FROM INDIA

Coffee beans, raw
Spices
Natural gums and resins
Essential oils
Iron scrap
Chemicals and pharmaceuticals
Jute goods
Pig iron
Iron and steel products
Manufactures of copper
Hand tools, small tools
Internal combustion diesel engines and semi-diesel engines
Scientific and laboratory equipment
Paper, paper board and manufactures thereof
Spare-parts of textile machinery
Typewriters, calculating machines and data processing machines
Electrical Machinery
Surgical and medical instruments
Ignition equipment
Electrical spares
Machine tools
Communication equipment
Traffic light and signalling equipment
Marine Diesel engines
Spare parts for motor vehicles
Transport equipment and parts
Ferro-manganese
Motion pictures

LIST B
LIST OF ITEMS AVAILABLE FOR EXPORT FROM TURKEY

Asbestos products
Antimony concentrated and ore
Boracite
Sulphur
Other serums of human blood
Tanning extracts
Pharmaceuticals
Agricultural; pesticides, insecticides
Blister copper
Electrolytic copper
Ferro Chromium products
Iron and steel products
Iron fittings
Steam boilers and other heating machinery
Steel pipes
Valves
Chains for cars, bicycles and others
Nails
Other base material
Boilers
Cotton ginning machinery
Cotton textile and weaving machines
Electric cables
Wire, cables and ropes of copper wire
Electric Insulators
Transformers
Movie films
Resins
Dried Figs
Cereals
Mercury
Bodies for the motor vehicles
Arsenic Oxide
Cotton
Polyester fibres
Canned fruits and vegetables
Lead ore mixed with zinc.


India Bilateral

Ministry of External Affairs, India


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