Visit the website of your chosen country\'s embassy in Washington, D.C. and expl
ID: 354631 • Letter: V
Question
Visit the website of your chosen country's embassy in Washington, D.C. and explore the information pertaining to investment and trade. For example, if my chosen country of interest is Namibia, I would visit http://www.namibiaembassyusa.org/ . On the main page there is a tab on Trade and Investment. Here I can find information on investment opportunities and incentives, an export processing zone (EPZ), as well as an investment guide. Based on your website visit (and other sources as needed) report on the following: a. Website link b.Opportunities and incentives to invest c. Any conditions, regulations, or restrictions for foreign investors or businesses (tariff and non-tariff barriers, ownership restrictions, repatriation of funds restrictions, etc) [This might not be available on the website] d. Membership in any trading bloc or other cooperative agreement (free trade agreements, customs unions, etc. [This might also not be available on the website] You may use the above information for your individual application project if relevant. Warning: Do not copy and paste! You may not get any credit for your posting or you could face a minimum penalty of 50%.
Explanation / Answer
a)The country chosen is India and the website link is ( www.indianembassy.org).
b) With India moving a few notches up in the list for ease of doing business; there is a high inflow of foreign investments. Yet with the GST ( goods and services tax) being implented in 2017, the import tarriffs have inreased for some of the import HSN codes. There are several EPCG, SEZ and STPI schemes that exist for foreign investors, to set up there business in the trade zones and avail special benefits as well. The Bilateral trade agreement between India and USA has further increased the status & volume of trading between the two countries.
c)There are import restrictions that India imposes for imports of motorcycle and vehicles. This is aimed at protecting the indigenious manufacturers for these mentioned product lines, and promote the ' Make in India' program launched by the prime minister Narendra Modi. There are additional restricted/ prohibited list of items being maintained for imports in India.
d)Registration with SEZ, STPI offers the foreign investors to get the import and operating benefit in India special trade zones. While STPI is applicable for research and development of TEchnology companies; SEZ is applicable for consumer goods manufacturing sites as well
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