Page 24 - Bullion World Volume 4 Issue 3 March 2024

Bullion World | Volume 4 | Issue 3 | March 2024

If the FTA does not include gold, it may not meet the Negotiating Subjects
WTO Article XXIV condition for FTAs to have duty cuts The key negotiating subjects include trade in goods
on substantial trade. with focus on tariff elimination, Trade in Services, rules
of origin, customs procedures and trade facilitation,
Bilateral merchandise Trade -During FY 2022-23 sanitary and phytosanitary measures technical barriers
India exported goods worth $ 865.91 million and to trade.
imported goods valued at $ 2.25 billion resulting in $1.4
billion trade deficit. Strategic importance of the FTA. This potential
agreement marks India's third trade engagement with
Key exports include automotive vehicles, textiles, a Latin American country, following its agreements with
pharmaceutical products, and various other goods, Chile and the Mercosur bloc (Argentina, Brazil, Uruguay,
totaling $865.91 million. Paraguay). However, it stands out as India's first
comprehensive FTA in the region, signalling a broader
Key Indian imports from Peru: scope beyond the goods-focused agreements with Chile
• Gold-US$1776.7 million. and Mercosur, which primarily included tariff concessions
• Copper concentrates-US$391 million. on selected items. This move underlines India's strategic
• Calcium phosphate- US$21.6 million interest in expanding its trade footprint in Latin America,
• Silver-US$14.5 million leveraging Peru as a pivotal partner in this endeavor.

FORM IV
Statement about ownership and other particulars about newspaper
(Bullion World) to be published in the first issue every year after the last day of February

1. Place of publication : Bengaluru
2. Periodicity of its publication : Monthly
3. Printer’s Name : Hamsanikethan Printers
Nationality : Indian
Address : Hamsanikethan Printers,
nd
No. 126, C T Bed, Banshankari, 2 Stage, Bengaluru 560070
4. Publisher’s Name : G Srivatsava
Nationality : Indian
Address : #146, 1-2 Floor, Gopal Towers, Ramaiah Street, HAL Airport Road,
Kodihalli, Bengaluru 560008
5. Editor’s Name : G Srivatsava
Nationality : Indian
Address : #146, 1-2 Floor, Gopal Towers, Ramaiah Street, HAL Airport Road,
Kodihalli, Bengaluru 560008
6. Names and addresses of individuals who own the newspaper and partners or shareholders holding

Mr G Srivatsava
#146, 1-2 Floor, Gopal Towers,
Ramaiah Street, HAL Airport Road, Kodihalli,
Bengaluru 560008
More than one per cent of the total capital

I, Mr. G Srivatsava, hereby declare that the particulars given above are true to the best of my knowledge and
belief.

G Srivatsava
Date: 01-03-2024 Signature of Publisher

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