Brief note on the Agreement on Global System of Trade Preferences among developing countries (GSTP)

Notes:

¹ Includes mineral fuels, lubricants and related materials as well as mineral or metal ores

² Includes forestry products

³ "Vessels" shall refer to fishing vessels engaged in commercial fishing, registered in India and operated by Indian citizen(s) or Government or partnership, corporation or association, duly registered in India, at least 60 per cent of equity of which is owned by a citizen or citizens and / or Government of India or 75% by citizens or Governments of the participants. However, the products taken from vessels, engaged in commercial fishing under Bilateral Agreements, which provide for chartering/leasing of such vessels and/or sharing of catch between participants will also be eligible for preferential concessions.

⁴ In respect of vessels or factory ships operated by Government agencies, the requirement of flying the flag of a particular participant does not apply.

⁵ For the purpose of GSTP, the term "factory ship" means any vessel, as defined, used for processing and / or making on board products exclusively from those products referred to in clause 4 (f).

⁶ "Partial" cumulation as implied at 5 above means that only products, which have acquired originating status in the territory of one participant, may be taken into account when used as inputs for a finished product eligible for preferential treatment in the territory of another participant.