The agreement treats the refund of various customs duties paid on inputs for exported and exported products as WTO-consistent and not as a subsidy. However, if the refund of duties exceeds the actual impact of the tariffs, the agreement treats them as an export subsidy that can be offset by the government of the importing country. The agreement prohibits direct tax benefits. The agreement covers all categories of professional services. It obliges countries to ensure the application of the principle of the largest distribution and the WTO`s transparency rules. The GATS provides that all WTO member States list their respective obligations on services liberalization in their respective GATS schedules. EFTA has concluded bilateral agreements with the following countries – including dependent areas – and blocs: governments purchase for various purposes items such as textiles, footwear, computer hardware and software, telecommunications equipment, electrical machinery, pharmaceuticals, agricultural and food products, vehicles/spare parts, paper/stationery, etc. The agreement covers state purchases under the scanners of the WTO clause on the most favoured remuneration and treatment of infection. At present, India is not a party to this agreement.
However, Indian exporters of these products may participate in the government procurement of countries that have signed this Agreement. In the context of the Second World War, countries recognized that global cooperation was an important component of achieving world peace, politically, economically and socially. Afghanistan has concluded bilateral agreements with the following countries and blocs: This is a list of free trade agreements between two parties, where each party could be a country (or other customs territory), a trading bloc or an informal group of countries. Vi. It collaborates with various international organizations such as the IMF and the World Bank to achieve greater coherence in global economic policy. . . .