SIAM remains actively engaged with the Government of India in providing recommendations through policy advocacy on International Trade.

Government of India has recently signed two trade agreements viz. India-Australia Economic Cooperation and Trade Agreement (ECTA) in April 2022 and India-UAE Comprehensive Economic Partnership Agreement (CEPA) in February 2022. Through these agreements, Indian automobile sector has received zero duty market access in both the countries. Under the India-UAE CEPA, Government of India has offered tariff reductions broadly under the Two- Wheeler segment.

SIAM members were actively engaged in the trade negotiations of these recently concluded agreements and SIAM recommendations for the automobile sector were suitably considered.

India also entered into a trade agreement with Mauritius in February 2021. The negotiations on additional market access are to be completed within two years of signing India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA). Government of India has sought inputs from SIAM on the automobile sector to expand the scope of the agreement.

SIAM members are currently participating in stakeholder consultations for the upcoming Trade agreements viz. India-Canada CEPA, India-UK FTA, etc. Government of India has also started looking at reviewing the previous existing trade agreements viz. India-Korea CEPA and India-Japan CEPA.

(Update as on 17th October 2022) ....+ More Info