Indian Treaty Series

Helsinki, 29 June 1967

The Government of India and the Government of the Republic of Finland,

ANIMATED by the desire to strengthen economic and trade relations between the two countries,

HAVE agreed as follows :

Article I

Both Contracting Parties have agreed to grant each other consistent with their obligations under the GATT the most favoured nation treatment in respect of customs duties and all other charges and taxes applicable to importation, exportation or transit of commodities.

Article 2

The provisions in Article 1 above shall not apply to the following :

(a) Privileges which are or may be granted by either of the two Contracting Parties in order to facilitate frontier trade.

(b) (\i) Advantages and privileges which are, or may be, granted by either of the two Contracting Parties to any of their respective neighbouring counties; and

(ii) Also any special advantages etc., resulting from a Customs union, a free-trade area or similar arrangements which either of the two Contracting Parties has concluded, or may conclude, in the future.

(c) Preferences, advantages, privileges or immunities accorded by either of the two Contracting Parties to any third country and which are in force on the date of this Agreement.

(d) Advantages or preferences accorded under any Scheme for expansion of trade and economic cooperation among developing countries, which is open for participation by all developing countries and to which either of the two Contracting Parties is or may become a party.

Article 3

Both Governments shall issue, subject to laws and regulations in force in both countries, import and export licences for the commodities set forth in Schedule (A) and (B) of this Agreement, but nothing in this Agreement shall be deemed to preclude trade in goods not mentioned in the said Schedules.

Article 4

Subject to laws and regulations in force in both countries the merchant ships belonging to either of the two Contracting Party shall enjoy, in respect of all matters relating to navigation, free entry into the port open to foreign trade, use of port facilities, loading and unloading dues, taxes and other facilities, loading and unloading dues, taxes and other facilities, a treatment no less favourable than the treatment accorded to ships of any other foreign country except any concessions made to ships engaged in the coastal trade of either Party which shall not be available under this Article to the other Party.

Article 5

Subject to their respective laws and regulations both Contracting Parties agree to grant each other reasonable facilities for holding trade fairs and exhibitions in their respective territories.

Article 6

All payments shall be made in freely convertible currency in accordance with the laws and regulations in force in the two countries.

Article 7

This Agreement becomes effective as from the date on which letters of ratification are exchanged; nevertheless, both Parties agree to its provisional enforcement from the date of its signature.

This Agreement shall remain in force for a period of two years and shall continue to be in force thereafter for periods of two years at a time, subject to such modification as may be agreed upon, unless notice of termination is also given by either Contracting Party four months prior to the expiry of each two-year period.

DONE at Helsinki on this 29th day of June, 1967 in two original copies in English language, both texts being equally authentic.

For the Government For the Government of the
of India Republic of Finland

Sd/- Sd/-
B K KAPUR TANKMAR HORN

SCHEDULE “A”
INDIAN PRODUCTS

Leather footwear
Animal casings
Hides and Skins
Goat skins, raw, semi-tanned and tanner
Hemp
Cashew nuts and other dry fruit-almond, walnut, resins, figs, pistacho nuts, etc dry ginger and
Apricots
Coir and coir products
Tobacco
Castor oil
Polyethylene
Cutley
Household utensils of iron and steel, brass and aluminium
Alarm clocks
Cotton piecegoods
Cotton yarn
Cotton waste
Silk, art silk and rayon fabrics
Jute manufactures
Carpets, rugs and mats
Jute bags
Jute cloth
Palm fibres
Oil Cakes
Deoiled cakes
Essential oils
Insecticides
Engineering goods
Minerals including mica
Resins
Rubber products, rubber goods, including balloons
Tea
Coffee
Sugar
Spices including pepper and cardamom
Juices and fruit, canned
Cashew kernels and walnuts
Ground nut H.P.S.
Brass artware and other handicrafts
Exposed cinematographic films
Records
Clocks and watches
Handicrafts and cottage industry products
Lac and shellac
Coir goods
Jewellery, gold and silver
Precious and semi-precious stones.

SCHEDULE “B”
FINNISH PRODUCTS