Free Trade Agreements and Special Economic Zones

This is the third course in Tax Academy's Customs Certification. This certification would provide you with relevant skills to apply Customs knowledge in less than two months. In this course, you will build upon your knowledge on functional aspects of some of the popular duty-saving opportunities that businesses use viz. the Free Trade Agreements or FTAs and Special Economic Zones or SEZs. The FTAs are typically used by importers to save on Customs duty and by exporters to gain competitive access to the foreign markets with countries with which India has an FTA with. Learners who complete this certification can gain the skills required to apply to introductory job positions in the industry or consultancies.

• Free Trade Agreement
• Free Trade Agreements are bilateral and multilateral agreements between India and other countries for reducing Customs duty on certain goods originating in the respective countries and some other benefits like reducing trade barriers in the international trade. In this module, we shall outlay the different Free Trade Agreements that exist between India and other countries, explain how to determine eligibility and other conditions of using an FTA.
• SEZ
• A Special Economic Zone is a scheme to facilitate business with special trade laws in defined territory in India. In this module, we shall explain the working concepts of an SEZ, role and functions of SEZ stakeholders, types of SEZ, compliance aspects. This module will also discuss the recent developments and legislative changes proposed in the Development of Enterprises and Services Hubs Bill, 2023 that seeks to replace the current legislative and administrative framework of the SEZ Act, 2005.