International-Business-Dr-R-Chandran-E-book

AGREEMENTS OBJECTIVE OF
AGREEMENT
1.c. Agreement
on Technical
Barriers to Trade
(TBT)
To check misuse of
mandatory product
standards by
countries.
Recommends
countries to base
their standards
around Intl.
Standards.
Requires countries
to establish
‘enquiry points
164
International Business- Dr. R. Chandran
IMPACT ON
INDIAN
POLICY/ LAWS
Bureau of Indian
Standards (BIS) is
following the
agreement (most
Indian Standards
are base on Intl.
Standards)
BIS is also to serve
as an enquiry point
BUSINESS
IMPLICATIONS
form improved
systems.
Arbitrary actions
of PSI companies
in computing
Export value to
be checked.
• Indian exporters
of electrical
machinery,
consumer
articles,
pharmaceuticals,
detergents,
automobiles,
household
electric/
electronic
gargets,
insecticides,
hazardous
chemicals,
fertilizers, toys
etc to benefit
from the
agreement as
import of these
products are
subject to
Mandatory
product
Standards.
• Enquiry points to
help in accessing
the information
• Threat: The
Only for Private Circulation