Standards/ TBTs / IPR-Market Access
India ranks 40th in Global Intellectual Property Index 2020
India has been ranked 40th out of 53 countries on a global intellectual property index 2020. India was placed at 36th position among 50 countries in 2019. India’s score, however, increased from 36.04% (16.22 out of 45) in 2019 to 38.46% (19.23 out of 50) in 2020, a 2.42% jump in an absolute score. The index was released as part of the annual report prepared by the Global Innovation Policy Center (GIPC) of the US Chambers of Commerce.
Budget 2020: All ministries to issue quality standard orders, says Finance Minister
There is a target to formulate technical regulations for about 5,000 products. The Bureau of Indian Standards (BIS) has been tasked to prepare these regulations. India imports about 11,500 goods per year. Union Budget 2020 India: Finance Minister said all ministries will issue quality standards orders during the course of this year. The move would help in promoting sale of quality goods in the country and cut import of sub-standard goods.
Govt brings external hard drive, LED modules, headphones under BIS registration
The government of India notified 12 electronic products, including external hard drive, wireless headphone and earphones, television other than plasma, LCD and LED TV sets, that would require mandatory registration under the Bureau of Indian Standards (BIS) before sale in the country. The government in the notification for "Addition of product categories to the Schedule of the "Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2012"…..
No Imports in ‘Others’ Category Without HSN Code
No imports will be allowed without HSN code into the country said the Union Minister of Commerce & Industry and Railways. Commerce & Industry Minister said that henceforth there must be zero tolerance for substandard products and services from industry and consumers. Government will support industry in every way to establish standards for Indian goods and services to meet international requirements so that brand India is recognized in the world as a provider of quality products and services.
Foreign Trade Policy 2015-2020 extended for one year; Other immediate relief measures also announced
The Union Commerce and Industry Ministry today announced changes in the Foreign Trade Policy (FTP) of Government of India. The present Policy which came into force on 1st April 2015, is for 5 years and has validity upto 31st March, 2020. In view of the unprecedented current situation arising out of the pandemic Novel COVID-19, the Govt. has decided to continue relief under various export promotion schemes by granting extension of the existing Foreign Trade Policy by another one year i.e. up to 31st March 2021. Several other relief measures have also been announced to support trade and industry.