Contracting parties are free to apply their domestic legislation to limit imports when prices are influenced by unfair trade practices such as subsidies or dumping. Subsidies and dumping mean that they have the same meaning as in the 1994 General Agreement on Tariffs and Trade and in the relevant WTO agreements. Sri Lanka`s trade relations with India marked a historic milestone when the India-Sri Lanka Free Trade Agreement (ISFTA) was signed on 28 December 1998 as Sri Lanka`s first bilateral free trade agreement. The ISFTA came into force on March 1, 2000. The ISFTA is now fully implemented, with both parties fulfilling their progressive obligations under the Tariff Liberalisation Programme (TLP), as explained below. Branding, labels or other distinctive signs on products or their packaging the simple blending of products of different kinds when one or more components of the mixture do not meet the conditions set out in this internal regulation so that they can be considered original products; Simple assembly of product parts as a total product; a combination of two or more sub-legs operations specified a) to f); slaughter of animals. The value of materials, parts or non-native products is the c.i.f. value at the time of importation of materials, parts or products, provided it can be demonstrated; or the earliest identifiable price paid for materials, parts or products of indeterminate origin in the territory of the contracting parties where the opening or processing takes place. Cumulative Rules of Origin For a product that meets the original requirements of Rule 5, point b), and is exported by one of the parties and has used materials, parts or products originating from the other party, the value added on the territory of the exporting party is no less than 25% of the F.o.b. Value of the product at the end of its life, provided that the total value of the total value is not less than 35% of the total value in the territory of the contracting parties. B. The value of the exported product.
Direct shipping is considered to be shipped directly from the exporting country to the country of import: if the products are transported without crossing the territory of a country other than that of the contracting parties. products whose transportation includes transit through one or more intermediate countries, with or without transfer or temporary storage in those countries; Whether the crossing is justified for geographical reasons or by considerations exclusively related to transportation needs; Products are not marketed or consumed there; and the products did not perform any operation other than unloading and reloading or any necessary operation to keep them in good condition.