TRADE AGREEMENT BETWEEN THE GOVERNMENT OF INDIA AND THE GOVERNMENT OF THE HUNGARIAN PEOPLE'S REPUBLIC New Delhi, 17 June 1954 The Government of India and the Government of the Hungarian People's Republic, being desirous of developing and strengthening the
trade relations between the two countries, and thus achieving closer economic relations, hereby agree as follows Article 1 The Government of India and the Government of the Hungarian People's Republic to give, subject to the law of the two countries for
the time being in force, adequate facilities to import and export reasonable quantities of commodities mentioned in Schedules "A"
and "B" (appended). Article 2 The Government of India confirms that Hungary is, for the purpose of import and export licensing, included, under the existing Indian
law, in the soft currency area and that so long as this position endures, applications for licensing the import of goods from Hungary
to India and export of goods from India to Hungary will be dealt with in accordance with the licensing procedure in force from time
to time equally favourably as compared with any other country included in the soft currency group. Article 3 The Government of Hungary undertakes to treat India on the same basis as any other country with whom Hungary has entered into bilateral
trade agreements in respect of commodities mentioned in the Schedules "A" and "B" (appended). Article 4 Both Governments agree that payments and other charges in connection with import and export of goods between the two countries shall
be settled in Rupees or Sterling as mutually convenient. Article 5 Both Governments agree that if, for the purpose of import and export licences in India the Hungarian People's Republic should be transferred
from the soft currency area or if for any other reason, it should become difficult for either Government to implement any arrangement
in this Agreement, negotiations shall be entered into at the request of either Government with a view to modifying this Agreement
as mutually considered necessary. Article 6 Both Governments agree to inform each other of the changes in their import and export
policies, regulations and procedure as and when such changes are made. Article 7 Both Governments agree to give and assist in giving the widest publicity to the Trade Agreement and the Schedules appended thereto.
Article 8 The Schedules 'W' and "B" referred to in Article 1 are without prejudice to the rights of persons of firms in either country
to enter into business transactions in respect of goods or commodities not forming part of these Schedules, subject to and in conformity
with the laws and regulations in force from time to time in either country. Article 9 Both Governments will render all possible assistance in arranging for business contacts in various fields, but it is of course understood
that the resulting contracts, if any, will be made directly between the parties concerned in accordance with foreign exchange and
other regulations for the time being in force. Article 10 The Government of the Hungarian People's Republic will provide all facilities for the utilization of Indian shipping to carry a reasonable
proportion of goods to be exchanged under this Agreement. Article 11 The Schedules "A" and 'S" referred to in Article 1 as well as the collateral letters exchanged between the Leaders
of the Delegations of the two Governments, copies whereof are annexed hereto, form an integral part of this Agreement. Article 12 This Agreement shall come into effect from the date of signature and shall remain in force till the 31st December 1955. In case either
party does not declare its intention to terminate this Agreement three months prior to 31st December 1955, the Agreement shall continue
to operate for a further period of two years. The Schedules "A" and "B" will, however, be subject to revision
for each calendar year by an exchange of letters. DONE AND SIGNED in duplicate, in English, either copy being equally authentic,
in New Delhi on the 17th day of June, 1954. (Sd.) H.V.R. IENGAR, For the Government of India. (Sd.) PETER Kos, For the Government of the Hungarian People's Republic. SCHEDULE: 'A' LIST OF SOME OF THE GOODS AVAILABLE FOR EXPORT FROM THE HUNGARIAN PEOPLES REPUBLIC TO INDIA 1. Hydroturbines. 2. Electric motors. 3. Complete factory plants for grape juice and tomato concentrating plants (canning industry).
4. Machine tools. 5. Milling machinery. 6. Tractors. 7. Agricultural machinery. 8. Machinery for cable, leather, textile and printing
industries. 9. Transformers up to 750 KVA, high and low tension switches. 10. Electrometers. 11. Electrical fitting materials. 12.
Electric welding apparatus. 13. Incandescent lamps. 14. High tension insulators. 15. Accumulators and starters. 16. X-Ray and electro-medical
apparatus. 17. Water and gas meters. 18. Photo-paper and films. 19. Sanitary earthenware. 20. Spare parts for textile industry. 21.
Agricultural chains. 22. Wire netting and wire. 23. Wooden screws. 24. Flexible hose. 25. Agricultural tools: spades, shovels, axes.
26. Stationery. 27. Household sewing machine parts. 28. Aluminium articles (dairy equipment). 29. Felt goods (industrial felt). 30.
Cotton piece-goods (Italians of sateen weave only). 31. Cotton sewingyhread. 32. Educational toys such as meocano sets, aero models,
etc. 33. Stencils for duplicating. 34. Rubber goods. 35. Aniline dyes. 36. Acetic acid. 37. Pharmaceutical basic materials. 38. Pharmaceutical
specialities. 39. Serum and vaccine. 40. Vegetable seeds. 41. Electric meters. 42. dalcium carbide.' 43. Empty gelatins capsules.
44. Locomotive engines and carriages and parts for railways. 45. Boilers. 46. Iron and steel tubings. 47. Laboratory equipment. 48.
Kuh brick press. 49. Canned tomato. 60. Steel measuring tapes. 61. Film projectors 16 M M. 52. Instruments for watch industry. 63. Optical articles, lenses and spectacle frames. 64. Caloritechnical instruments. 55. Motor cycles
and spare parts. 56. Sheet and plate glass. 57. Plywood for tea chests. 68. Chemicals for laboratory purposes. 59. Electric trucks.
60. Macophan transparent cellulose paper. 61. Plant protecting material. '62. Office equipment. 63. Pumps, diesel or electricity
driven. 64. Diesel generating sets. 65. Vacuum flasks. 66. Cast iron enamel bath tubs. 67. Bottled beer. 68. Mineral water and thermal
mud. 69. Household and fine porcelain. 70. Wall tiles. 71. Artificial silk goods. 72. Hungarian films, exposed. SCHEDULE LIST OF SOME OF THE GOODS AVAILABLE FOR EXPORT FROM INDIA TO THE HUNGARIAN PEOPLE'S REPUBLIC 1. Tea. 2. Tobacco. 3. Spices. 4. Cashew kernels. 6. Shellac. 6. Linseed oil. 7. Castor oil. 8. Hydrogenated oils. 9. Essential.oils
(sandalwood oil and lemongrass oil). 10. Iron ore. 11. Manganese ore. 12. Kyanite. 13. Ilmenite. 14. Mica. 16. Raw goat and sheep
skins. 16. Sheep and cow casings. 17. Tanned hides and skins. 18. Fish meal. 19. Myrobalan and Myrobalan extracts. 20. Tragacanth
(gum adragant). 21. Fibres for brushes and broonis. 22. Animal hair. 23. Hemp other than manila, sisal and aloe. 24. Flax linen.
25. Cotton waste. 26. Silk and artificial silk waste. 27. Wool waste. 28. Wool. 29. Woollen textiles including woollen goods. 30. Jute goods. 31. Coir and coir manufactures. 32. Leather and leather goods including
shoes. 33. Leather cloth. 34. Linoleum. 35. Felt base floor coverings. 36. Toilet and washing soaps. 37. Methylated spirit. 38. Paraffin
wax. 39. Bees wax. 40. Glycerine. 41. Shark Ever oil. 42. Musk. 43. Chemical Products- Sodium bichromate. Potassium bichromate. Magnesium
chloride. Strychnine. Morphine. Naphthalene. Sodium bromide and potassium bromide. Liquidbromide. Calcium chloride. 44. Drugs- Nux
vomica. Senna pods and leaves. Chirate. Gummi indicum. Indian squill (Scillae). 45. Sports goods. 46. Cottage industry products,
e.g. handloom (cotton and ailk), artistic silver, brass and bidri products, ivory articles, wood carvings etc. 47. Plastic manufactures
and semi-manufactures. 48. Indian filma exposed. _____________________ LETTERS New Delhi, the 17th June, 1954 Dear Mr. IENGAR, During the course of the negotiations for the conclusion of the Trade Agreement between India and the Hungarian People's Republic,
it was stated that the Hungarian People's Republic is in a position to offer for export to India heavy capital goods such as complete
plants, Railway equipment, machine tools, hydro-electric power plants, etc. Furthermore it was pointed out that the suppliers of
these goods were in a position to render necessary technical assistance in regard to their planning and erection. I am glad to note
that the Government of India will be prepared to accord within the limits of the rules and regulations in force from time to time,
such facilities as may be reasonably required to enable full use of these facilities being made by the importers. Yours sincerely, (Sd.) Dr. PETER Kos. H.V.R. IENGAR, Esq., I.C.S., Secretary to the Government of India, Ministry of Commerce and Industry, New Delhi. GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY New Delhi, the 17th June, 1954 Dear Dr. PETER Kos, I write to acknowledge receipt of your letter of today's date. The letter reads as follows :- (Not printed) I confirm that this sums
up correctly the result of the discussions between the Representatives of India and Hungary. Yours sincerely, (Sd.) H.V.R. IENGAR. His Excelleny, Dr. PETER KOS, Envoy Extraordinary and Minister Plenipotentiary, Legation of the Hungarian People's Republic, 10, Pusa Road, New Delhi. --------------------- New Delhi, the 17th June, 1954 Dear Mr. IENGAR, During the course of the discussions that preceded today's conclusion of the Trade Agreement between India and the Hungarian People's
Republic, the representatives of the Government of India took into account the geographical situation of the Hungarian People's Republic
as a land-locked country and confirmed that the term "period or date of shipment" mentioned in import or open general licences
when applying to imports from the Hungarian People's Republic shall be deemed to be the date of actual despatch of goods by railway,
road transport or river boat from the Hungarian People's Republic to a consignee in India on through consignment. 2. Proof of despatch on through consignments to India will be established in accordance with the procedure prescribed from time to
time by the Government of India for those countries which have no port. Yours sincerely, (Sd.) Dr. PETER Kos. H.V.R. IENGAR, Esq., I.C.S., Secretary to the Government of India, Ministry of Commerce and Industry, New Delhi. ________________________ GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY New Delhi, the 17th June, 1954 Dear Dr. PETER Kos, I write to acknowledge receipt of your letter of todays' date. The letter reads as follows :- (Not printed) I confirm that this sums up correctly the result of the discussions between the Representatives
of India and Hungary. Yours sincerely, (Sd.) H.V.R. IENGAR. His Excellency Dr. PETER KOS, Envoy Extraordinary and Minister Plenipotentiary, Legation of the Hungarian People's Republic, 10, Pusa Road, New Delhi. ________________________ Dear Mr. IENGAR, During the discussions for the conclusion of the Trade Agreement between India and the Hungarian People's Republic it was agreed that
the Hungarian People's Republic may establish in India its Trade Representation to promote and look after trade relations between
India and the Hungarian People's Republic. For this purpose, it was agreed that the Hungarian People's Republic can designate two
of the officers of the Hungarian Legation in India, one as the "Trade Representative of the Hungarian People's Republic"
and the other as the "Deputy Trade Representative of the Hungarian People's Republic". Consistent with diplomatic conventions,
these officers will be designated as (a) "Commercial Counsellor and Trade Representative" and (b) "First Secretary
(Commercial) and Deputy Trade Representative" or "Second Secretary (Commercial) and Deputy Trade Representative" as
the case may be. 2. It was agreed that these officers will be posted in New Delhi itself and will be entitled to all the usual privileges and immunities
applicable to the members of the Diplomatic Corps and that it will be open to them to visit places outside Delhi on official business
or otherwise. It was agreed during the negotiations that the Hungarian Trade Office in Bombay which was first established in 1950
would, in future, operate as a Trade Commission of the Hungarian People's Republic and Officer-in-Charge of this trade office, designated
as a Trade Commissioner. It was understood that the Trade Commissioner's staff may also include a deputy. It was also agreed that
the Hungarian People's Republic could, if circumstances warrant, establish a Trade Commission in Calcutta in future. 3. Besides the Trade Representative and his Deputy, no member of the Trade Representation outside New Delhi shall enjoy diplomatic
or cpnsular privileges or immunities but such facilities as are essential for the performance of their duties and may mutually he
agreed upon, will be afforded to them. If, however, these persons are de carriere officials of the Hungarian People's Republic, certain
courtesy and consideration will be extended to them. 4. It was stated that according to current practice, commercial transactions or agreements can formally be concluded only by the Hungarian
Enterprises or representatives specially authorised by them and that neither the Trade Representatives nor the Trade Commissioners
have authority to do so. The functions of the latter would, in regard to such transactions or agreements, be limited to providing
liaison between the Hungarian Enterprises on the one hand and Indian parties on the other. Accordingly the question of jurisdictions
of courts or tribunals would be settled in accordance with the terms of individual contracts. 5. 1 shall be grateful for your confirmation
of the above under- standing. Yours sincerely, (Sd.) DR. PETER Kos H.V.R. IENGAR, Esq., I.C.S., Secretary to the Government of India, Ministry of Commerce and Industry, New Delhi. ________________________ GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY New Delhi, the 17th June, 1954 Dear Dr. PETER Kos, I write to acknowledge receipt of your letter of today's date. The letter reads as follows :- (Not piinted) I confirm that this sums
up correctly the result of the discussions between the Representatives of India and Hungary. Yours sincerely, (Sd.) H.V.R. IENGAR. His Excellency Dr. PETER KOS, Envoy Extraordinary and Minister Plenipotentiary, Legation of the Hungarian People's Republic, 10, Pusa Road, New Delhi. ________________________ REVISION OF SCHEDULES (1955) EXCHANGE OF LETTERS, 10 MARCH 1955 New Delhi the 10th March, 1955. Dear Mr. IENGAR, I have the honour to refer to Article 12 of the Trade Agreement between our two countries concluded on the 17th June 1954 and to the
recent discussions regarding the Schedules to be adopted for the year commencing from the 1st January 1955. It was agreed during
these discussions that no changes need be made in Schedules "A" and that a fresh item, viz., "Groundnut oil"
should be added to Schedule 'S", and that the unchanged Schedule "A" and Schedule "B" amended as above will
remain valid for the calendar year 1955. I should be very grateful if you would please confirm the foregoing. Yours sincerely, (Sd.) Dr. PETER Kos. H.V.R. IENGAR, Esq., I.C.S., Secretary to the Government of India, Ministry of Commerce and Industry, New Delhi. GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY New Delhi, the 10th March, 1955 Dear Dr. PETER Kos, I have today received your letter No. 600/1955, dated the 10th March, 1955, which
reads as follows (Not Printed) I confirm that the foregoing correctly sets out the understanding reached between us. Yours sincerely, (Sd.) H.V.R. IENGAR H.E. Dr. PETER Kos, Envoy Extraordinary and Minister Plenipotentiary, Legation of the Hungarian People's Republic in India, New Delhi. ________________________ VALIDITY OF SCHEDULES EXTENDED (1956) EXCHANGE OF LETTERS, 6 JANUARY, 1956 LEGATION OF THE HUNGARIAN PEOPLES REPUBLIC New Delhi, the 6th January, 1956 Dear Mr. LALL, Referring to Article 12 of the Trade Agreement between the Government of the Hungarian People's Republic and the Government of India
concluded on the 17th June 1954 and to the recent discussions regarding the Schedules of the goods for export from Hungary to India
and from India to Hungary, I have the honour to confirm the understanding reached between us that the Schedules "A" and
"B" as amended by the letters exchanged on the 10th March 1955 shall remain in force for the calendar year 1956. Yours sincerely, (Sd.) Dr. PETER KOS. K.B. LALL, Esquire, I.C.S., Joint Secretary to the Government of India, Ministry of Commerce and Industry, New Delhi. ________________________ GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY, New Delhi, the 6th January, 1956 Dear Dr. PETER Kos, Referring to Article 12 of the Trade Agreement between the Government of India and the Government of the Hungarian People's Republic
concluded on the 17th June, 1954 and to the recent discussions regarding the Schedules of the goods for export from India to Hungary
and from Hungary to India, I have the honour to confirm the understanding reached between us that the Schedules W and S' as amended
by the letters exchanged on the 10th March 1955, shall remain in force for the calendar year 1956. Yours sincerely, (Sd.) K.B. LALL. HE. Dr. PETER Kos, Envoy Extraordinary and Minister Plenipotentiary, Legation of the Hungarian People's Republic in India, New Delhi. FURTHER EXTENSION OF VALIDITY OF SCHEDULES (1957) EXCHANGE OF LETTERS 11 APRIL 1957 LEGATION OF THE HUNGARIAN PEOPLES REPUBLIC New Delhi, the 11th April, 1957 Dear Mr. LALL, Referring to Article 12 of the Trade Agreement between the Government of India and the Government of the Hungarian People's Republic
concluded on the 17th June, 1954 and to the recent discussions in connection with the modification of the Schedules W and S' attached
to the Agreement, I have the honour to confirm the understanding reached between us that the Schedules shall remain in force for
a further period of one year ending 31st December, 1957 subject to the following modifications :- SCHEDULE 'A' GOODS FOR IMPORT INTO INDIA FROM HUNGARY Omit the following: Item No. 49 Canned tomato. Item No. 66 Cast iron enamel bath tubs. SCHEDULE 'B' GOODS FOR EXPORT FROM INDIA TO HUNGARY Add the following: Coffee Jam, chutnies and pickles. Cashew shell and cashew shell oil. Tobacco manufactures, i.e. Cigars and Cigarettes. Cordage and
ropes. Paints and lacquers. Bristles. Tapioca and its products. Fruit squashes and sauces, Hardware. Canned fruits and meat products.
Silk and rayon textiles and manufactures. Light engineering goods. Cotton seed oil. Pepper- I shall be glad if you would confirm
that the above correctly sets out the understanding reached between us. Yours sincerely, (Sd.) ALADAR TAMAS K.B. LALL, Esquire, I.C.S., Joint Secretary to the Government of India, Ministry of Commerce and Consumer Industries, New Delhi. GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND CONSUMER INDUSTRIES New Delhi, the 11th April, 1957 Dear Mr. TAMAS, I write to acknowledge receipt of your letter of today's date, which reads as follows (Not printed) I confirm that the above correctly sets out the understanding reached between us. Yours sincerely, (Sd.) K.B. LALL, Joint Secretary. H.E. Mr. ALADAR Tamas, Envoy Extraordinary and Minister Plenipotentiary, Legation of the People's Republic of Hungary, New Delhi. ________________________ TRADE AGREEMENT EXTENDED EXCHANGE OF LETTERS, 15 JANUARY 1958 LEGATION OF THE HUNGARIAN PEOPLE'S REPUBLIC New Delhi, the 15 January, 1958 Dear Mr. LALL, I have the honour to refer to the recent discussions regarding promotion of trade between the Hungarian People's Republic and India
when it was agreed that the trade relations between our two countries will continue to be regulated by the terms and conditions embodied
in the Trade Agreement concluded on the 17th June 1954 for a further period of two years ending 31st December 1959, subject to the
substitution of the Schedules W and S' attached to the Agreement by the revised Schedules appended hereto and of Article IV of the
old Agreement by the following Article :- "It is agreed that the payments relating to commercial and non- commercial transactions
between Hungary and India will be effected in Indian Rupees. For the purposeof facilitating such payments, the National Bank of Hungary
will maintain one or more account(s) with one or more commercial bank(s) in India authorized to deal in foreign exchange. In addition,
the National Bank of Hungary, acting as agent of the Hungarian Government, will maintain another account with the Reserve Bank of
India. All the payments to be effected in Rupees will be made through the account(s) maintained with the commercial bank(s). Payments to
be made by residents of India to residents of Hungary will be effected by crediting the amounts of such payments to the above mentioned
account(s) of the National Bank of Hungary with the commercial bank(s) in India. Payments to be made to residents of India by residents
of Hungary will be effected by debiting the said account(s) with the commercial bank(s) in India. The account(s) with the commercial
bank(s) and the Reserve Bank of India will be replenished as and when necessary by one of the following methods (a) by transfer of
funds from another account of the National Bank of Hungary with another commercial bank and/or with the Reserve Bank of India, as
the case may be; (b) by transfer of funds from a Rupee account maintained by a third country in India, provided the three countries
concerned agree; (c) by sale of Sterling to the bank concerned. 2. The provisions of this Agreement cover the following (a) payments for the commodities imported or exported under the present Agreement;
(b) payments connected with commercial transactions such as transport charges, sea freight due to vessels sailing under Hungarian
or Indian flags, port charges, disbursements, bunkering and provision for ships, repairs of ships, storage, customs, insurance, commission,
brokerage, advertising, etc.; (c) expenses connected with fairs and exhibitions; (d) duties and fees in respect of patents, licences,
trade marks, .author's rights, court expenses, taxes and fines, distribution of films, etc.; (e) cost of maintaining of diplomatic,
consular and commercial missions : cost of travel, wages and salaries, etc.; (f) transfer of funds to Rupee account maintained by
a third country in India, provided the three countries concerned agree; (g) any other payments on which agreement may be reached
between the competent authorities of both countries. 3. Any balance in the rupee account maintained by the National Bank of Hungary with the Reserve Bank of India will be convertible
at any time on demand of the National Bank of Hungary into Sterling at the usual bank's selling rate for Sterling as fixed from time
to time by the Indian Exchange Bank's Association. Any balances outstanding on the date of expiry of this Agreement will also be
convertible into Sterling. 4. Unless otherwise provided for in the contracts concerned, the settlement of the outstanding contracts and commitments, payments
for which have not been completed within the validity of this Agreement, shall be affected in Sterling." I shall be glad if
you will please confirm that the above correctly sets out the understanding reached between us. Yours sincerely, Sd/- ALADAR TAMM. K.B. LALL, Esq., I.C.S., Joint Secretary to the Government of India, Ministry of Commerce and Industry, New Delhi. ________________________ SCHEDULE 'A' LIST OF SOME OF THE GOODS AVAILABLE FOR EXPORT FROM THE HUNGARIAN PEOPLE'S REPUBLIC TO INDIA 1. Hydraturbines. 2. Electric motors. 3. Complete factory plants for grape juice and tomato concentrating plants (canning industry)
4. Machine tools. 5. Miffing machinery. 6. Tractors. 7. Agricultural machinery. 8. Machinery for cable, leather, textile and printing
industries. 9. Transformers up to 750 KVA, high and low tension switches. 10. Electrometers. 11. Electrical fitting materials. 12.
Electric welding apparatus. 13. Incandescent lamps. 14. High tension insulators. 15. Accumulators and starters. 16. X-Ray and electro-medical
apparatus, 17. Water and gas meters. 18. Photo-paper and filins. 19. Sanitary earthenware. 20. Spare parts for textile industry.
21. Agricultural chains. 22. Wire netting and wire. 23. Wooden screws. 24. Flexible hose. 25. Agricultural tools, spades, shovels,
axes. 26. Stationery. 27. Household sewing machine parts. 28. Aluminiurn articles (dairy equipment). 29. Felt goods (industrial felt).
30. Cotton piece-goods (Italians of sateen weave only). 31. Cotton sewing thread. 32. Educational toys such as meccano sets, aero
models, etc. '33. Stencils for duplicating. 34. Rubber goods. 35. Aniline dyes. 36. Acetic acid. 37. Pharmaceutical basic materials.
Pharmaceutical specialities. 39. Serum and vaccine. 40. Vegetable seeds. 41, Electric meters. 42. Calcium carbide. 43. Empty gelatins
capsules. 44. Locomotive engines and carriages and parts for railways. 45. Boilers. 46. Iron and steel tubings. 47. Laboratory equipment.
48. Kuh brick press. 49. Steel measuring tapes. 50. Film projectors 16 M.M. 51. Instruments for watch industry. 52. Optical articles, lenses and spectacle frames. 53. Caloritechnical instruments. 54. Motor cycles
and spare parts. 55. Sheet and plate glass. 56. Plywood for tea chests. 57. Chemicals for laboratory purposes. 58. Electric trucks.
59. Macophan transparent cellulose paper. 60. Plant protecting material. 61. Office equipment. 62, Pumps, diesel or electricity driven.
63. Diesel generating sets. 64. acuumflasks. 65. Bottled beer. 66. Mineral water and thermal mud. 67. Household and fine porcelain,
68. Wall tiles. 69. Artificial silk goods. 70. Hungarian films, exposed. SCHEDULE 'B' LIST OF SOME OF THE GOODS AVAILABLE FOR EXPORT FROM INDIA TO THE HUNGARIAN PEOPLE'S REPUBLIC 1. Tea. 2. Coffee. 3. Tobacco. 4. Tobacco manufactures, i.e. cigar and cigarettes. 5. Spices. 6. Pepper. 7. Cashew kernels. 8. Cashew
nuts and cashew shell oil. 9. Jam, chutnies and pickles. 10. Fruit squashes and sauces. 11. Canned fruits and meat products. 12.
Tapioca and its products. 13. Linseed oil. 14. Castor oil. 15. Hydrogenated oils. 16. Groundnut oil. 17. Essential oils (Sandalwood
oil and lemongrass oil). 18. Cotton seed oil. 19. Iron ore. 20. Manganese ore. 21. Kyanite. 22. Ilmenite. 23. Mica. 24. Raw goat
and sheep skins. 26. Sheep and cow casings. 26. Tanned hides and skins. 27. Fish meal. 28. Myrobalan and myrobalan extracts. 29.
Tragacanth (gum adragant). 30. Bristles. 31. Fibres for brushes and brooms. 32. Animal hair. 33. Hemp other than manila, sisal and
aloe. 34. Flax linen. 36. Cotton waste. 36. Silk and artificial silk waste. 37. Wool waste. 38. Wool. 39. Cotton and woollen textiles including woollen goods. 40. Silk and rayon textiles and manufacture. 41. Jute goods. 42. Coir and coir
manufactures. 43. Cordage and ropes. 44. Leather and leather goods including shoes. 45. Leather cloth. 46. Linoleum, 47. Felt base
floor coverings. 48. Toilet and washing soap. 49. Methylated spirit. 50. P araffm wax. 51. Bees wax. 62. Shellac. 53. Glycerine.
54. Shark liver oil. 55. Musk. 56. Chemical products- Sodium hichromate. Potassium hichromate. Magnesium chloride. Strychnine. Morphine.
Naphthalene. Sodium bromide and potassium bromide. Liquid bromide. Calcium chloride. 57. Drugs- Nux vornica. Senna pods and leaves.
Chirate. Guntmi indicunL Indian squill (Scilles). 58. Paints and lacquers. 59. Hardware. 60. Light engineering goods. 61. Sports
goods. lift 62. Cottage industry products, e.g., handloom fabrics (cotton and silk), artistic silver, brass and bidi products, ivory
articles, wood carvings, etc. 63. Plastic manufactures and semi-manufactures. 64. Indian fihns exposed. GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY New Delhi, the 15th January, 1958 Dear Mr. TA, I write to acknowledge the receipt of your letter of today's date which reads as follows (Not printed) I confirm that the above correctly
sets out the understanding reached between us. Yours sincerely, Sd./- K.B. LALI., Joint Secretary. H.E. ALADAR TA", Envoy Extraordinary and Minister Plenipotentiary, Legation of the People's Republic of Hungary, New Delhi. LEGATION OF THE HUNGARIAN PEOPLE'S REPUBLIC New Delhi, the 15th January, 1958 Dear Mr. LALL, With reference to the Indo-Hungarian Trade Agreement signed today I beg to confirm that we have agreed in principle on the following.
Apart from the normal business contracts between the two countries, the two Governments will, in accordance with such specific arrangements
as may be entered into in this behalf, endeavour to promote mutually advantageous triangular or other multilateral transaction as
means of widening and developing international trade. I shall be glad if you will kindly confirm that the above sets out correctly
the understanding reached between us. Yours sincerely, Sd/- ALADAR TAMAS", Envoy Extraordinary and Minister Plenipotentiary. K.B. LALL, Esq., I.C.S., Joint Secretary to the Government of India, Ministry of Commerce and Industry, New Delhi. ________________________ GOVERNMENT OF INDIA, MINISTRY OF COMMERCE AND INDUSTRY New Delhi, the 15th January, 1958 Dear Mr. TAMAS, I write to acknowledge the receipt of your letter of today's date which reads as follows :- (Not printed) I confirm that the above
correctly sets out the understanding reached between us. Yours sincerely, Sd/- K.B. LALL Joint Secretary. H.E. ALADAR TAMAS, Envoy Extraordinary and Minister Plenipotentiary, Legation of the People's Republic of Hungary, New Delhi. ________________________ LEGATION OF THE HUNGARIAN PEOPLE'S REPUBLIC New Delhi, the 15th January, 1958 Dear Mr. LALL, During the course of negotiations in connection with the prolongation of the Trade Agreement between India and the Hungarian People's
Republic it was noted that India is in a position to supply a number of consumer goods such as woollen and silk textiles, shoes and
other leather goods, spices, coffee, tea, hydrogenated oils, sports goods, tobacco and tobacco manufactures, handicrafts, shellac
and jute goods to Hungary on competitive terms. I propose to bring this fact to the notice of the Hungarian Import Organisation concerned
so that these new opportunities for broadening the trade between the two countries are fully utilised to the mutual benefit of both.
Yours sincerely, Sd/- ALADAR TAMAS. MR. K.B. LALL, I.C.S., Joint Secretary to the Government of India, Ministry of Commerce and Industry, New Delhi. ________________________ GOVERNMENT OF INDIA, MINISTRY OF COMMERCE AND INDUSTRY New Delhi, the 15th January, 1958 Dear Mr. TAMAS, I write to acknowledge the receipt of your letter of today's date which reads as follows :- (Not printed) I confirm that the above
correctly sets out the understanding reached between us. H.E. ALDER TAMAS, Envoy Extraordinary and Minister Plenipotentiary, Legation of the People's Republic of Hungary, New Delhi Yours sincerely, Sd/- K.B. LALL Joint Secretary. Note: The 1954 Agreement was further amended by a Protocol signed at Budapest on 16 June, 1959 (notprinted) which expired on 30th
June, 1960. A new Agreement was signed on 26 June, 1960. |