The Facilitation of Indian Shipping in

the International Trade

Contents

• Introduction

• Research Methodology

• Objectives

• Benefits

• Trade Facilitation Under SAFTA, WTO, OECD

• Dwell Time

• Conclusion

Introduction

• WTO defi es Trade Facilitatio as the simplification and harmonization of

i ter atio al trade procedures coveri g the activities, practices a d for alities i volved

in collecting, presenting, communicating and

processing data required for the movement of

goods i the prese t i ter atio al trade .

Research Methodology

• The topic is exploratory in nature. Source of

data collection is secondary.

• Data is collected from websites, articles,

thesis, maritime magazines and previous

reports.

Objectives

• Study of SAFTA, OECD, WTO, agreement for trade facilitation.

• How to facilitate the Indian Shipping.

Benefits • Everybody and everyone stands to gain from

making the process of trade easier.

• Government, Businessmen, Customers will gain from making the trade easy.

Trade Facilitation Under SAFTA

• It is consists of the countries like Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.

• The objective of SAFTA was to reduce customs duties of all traded goods to zero by the year 2017.

• Factors Discussed:

- Sea Transportation

- Transit

Trade Facilitation Under WTO

• Articles Discussed in the report are :

Article V (Freedom of Transit)

Article VII (Fees, formalities for import and

export)

Article X (Publication and Administration of

Trade rules)

Custom Clearance Procedures

• Procedure for import goods

• Procedure for Export goods

Dwell Time

• The total time taken for the clearance of the

import and export goods is dweel time.

• Dwell Time is one of the important indicators

for the trade facilitation.

• An average time taken for the import

clearance around 10 to 11 days.

• An average time taken for export clearance is

around 5 -7 days.

Actions to Reduce the Dwell Time

• Import General Manifest

• Filing Bill of Entry

• Delivery Order

• Shifting Cargo to CFS

• Payment of Duty

• Transit Goods

Conclusion

• Encourage online transaction

• Use of EDI

• Transparency of process

• Labs with internet technology