Presidents Desk

Dear Members,

Greetings from Organization of Plastics Processors of India!

During our meetings with the Department of Petrochemicals and Ministry of Commerce, we have been insisting on the review of various FTAs as many of these FTAs contain clauses, which have adverse impact on the Indian Plastics Industry.

We are happy to inform you that Ministry of Commerce has begun looking at several products where duties on input items are higher compared to the finished goods as part of a comprehensive review of its trade pact with the 10-member ASEAN to correct several anomalies that have undermined domestic manufacturing.

Imbalances in import duties, rules of origin and non-tariff barriers will come in for a closer look. The Commerce and Industry Ministry has asked the industry for inputs to identify products where an inverted duty structure is causing a disadvantage to local manufacturers.

The ongoing review of the pact, which came into effect in 2010, is slated to conclude next year.

India has rolled out several measures such as production-linked incentives (PLI) schemes, higher import tariffs and import monitoring to encourage local manufacturing, but several trade agreements negotiated earlier are seen as stumbling blocks.

ACHEMA 2024 will be held at FRANKFURT/Main, from 10th to 14th June 2024. ACHEMA takes the lead and pioneers advancements in the global process industries and their suppliers, as it brings together manufacturers and service providers from more than 50 nations.

Organization of Plastics Processors of India has tied-up with Tibro Tours for ACHEMA 2024 packages. All companies booking Tibro Packages for ACHEMA 2024 through Organization of Plastics Processors of India will be eligible for discount.

With Best Wishes,
Dilip Parekh
President