New Delhi, 4 November 1972 The Government of INDIA
AND
The Government of Socialist Federal Republic of YUGOSLAVIA
MOVED by a desire of expanding and strengthening the trade and economic relations between the two countries on the basis of equality
and mutual interest,
HAVE agreed upon as follows :
Article I
Both Contracting Parties, consistent with their obligations under the GATT, have, on the basis of reciprocity agreed to grant the
most favoured nation treatment to the mutual trade of the two countries. The said treatment shall apply to all matters pertaining
to customs duties, charges and payments in respect of import and export trade in goods and commodities between the two Contracting
Parties.
Article II
The Contracting Parties have also agreed that the exceptions, if any, to the most favoured nation treatment referred to in Article
I above, will be in consonance and in accordance with the rules of the GATT and the decisions of the Contracting Parties to the GATT.
Article III
Exemptions, if any from Customs duties and other charges levied on imports and exports shall be applied in conformity with the laws
and regulations in force in the countries of the Contracting Parties to :
(1) Articles intended as samples;
(2) Articles imported for exhibitions and fairs;
(3) Goods imported for the specific purposes of re-export;
Article IV
The Government of India and the Government of the Socialists Federal Republic of Yugoslavia shall endeavour to the maximum extent
possible within the frame work of the respective laws and regulations in force from time to time to increase the volume of trade
between the two countries generally and in particular with regard to the goods and commodities mentioned in the annexed Schedules
‘A’ and ‘B’ which form part of the Agreement. The two Contracting Parties shall periodically review the Schedules. These Schedules
are indicative in nature and shall not be construed as excluding trade in goods and commodities not enumerated therein.
Article V
All payments shall be made in freely convertible currency in accordance with the laws and regulations in force from time to time
in the two countries.
Article VI
Subject to laws and regulations in force in both countries the merchant ships belong to either of the two Contracting Parties shall
enjoy, in respect of all matters relating to navigation, free entry into ports open to foreign trade, use of port facilities, treatment
of shipping crew, loading and unloading dues and taxes and other facilities, a treatment in no way less favourable than the treatment
accorded to ships of any other foreign exchange except that the concessions made to ships engaged in the coastal trade of either
Party, shall not be available under this Article to the other Party.
Article VII
Nationals and Companies of either Party shall be accorded treatment no less favourable than that accorded to nationals and companies
of any third country with respect to payments remittances and transfers of funds or financial instruments directly or indirectly
between the territories of the two Parties in accordance with the laws and regulations of the other Party in force from time to time.
Article VIII
Nationals and Companies of either Party shall be accorded treatment no less favourable than that accorded to nationals and companies
of any third country in respect of protection of their persons and properties and for carrying on commercial activities in accordance
with the laws and regulations of the other Party in force from time to time.
Article IX
Both the Contracting Parties agree to actively explore the possibilities of co-operation in different sectors of economy including
exchange of know-how on a mutually beneficial basis. The two Parties further agree to take steps jointly to locate specific fields
of industry where the two countries could usefully co-operate on the basis of international division of labour.
Article X
Each party shall allow the holding of fairs and exhibitions by the other and shall extend to the other Party subject to its laws
and regulations applicable generally all facilities for holding such fairs and exhibitions.
Article XI
The physical and juridical persons in India and the physical and juridical persons in Socialist Federal Republic of Yugoslavia may
agree that legal disputes arising from contracts concluded in commercial or other economic matters shall be referred to arbitration.
Article XII
For expanding and diversifying mutual trade, to establish closer economic and industrial co-operation and to facilitate the implementation
of the present agreement, a Joint Committee consisting of the representatives of the two Governments will be established. To this
end, the Joint Committee will meet alternatively in New Delhi and Belgrade every twelve months or often at the request of the either
Contracting Parties. All decisions of the Joint Committee shall be subject to the formal approval of the two Governments.
Article XIII
This Agreement shall remain in force for a period of two years and shall be deemed to be automatically extended from year to year
unless notice of termination in writing is given by either Contracting Party four months prior to the expiry date of the Agreement.
Article XIV
This Agreement becomes effective from the date on which the letters of ratification are exchanged. Both Parties however, agree to
its provisional enforcement from 1st January 1973.
DONE in New Delhi on the 4th of November 1972 in four originals, two in the English language and two in Hindi language. In the event
of any difference arising regarding interpretation, the English text shall be used.
Sd/-
Sd/-
L N MISHRA
EMIL LUDVIGER
On behalf of the
On behalf of the
Government of India
Government of Socialist
Federal Republic of Yugoslavia
-------
SCHEDULE 'A'
LISG OF GOODS AVAILABLE FOR EXPORT FROM INDIA TO YUGOSLAVIA
I. Foods
1. Fresh fruits, and vegetables
2. Cashew Karnels
3. Walnuts and walnut kernel
4. Pepper
5. Other spices
6. Oil cakes (de-oiled) ground nut, rice bran and other oil seeds
7. Animal feed compounds
8. Tinned fish and prawns
9. Shark liver oils
10. Groundnuts H.P.S.
11. Animal casings
12. Fish meal
II. Beverages and Tobacco
13. Tea
14. Coffee
15. Tobacco
16. Instant Coffee
17. Instant Coffee
III. Crude Materials, Inedible
18. Shellac (all kinds) and shellac based products
19. Hides and skins, raw, semi-processed and tanned
20. Finished leather
21. Essential oils
22. Coir yarn, Coir manufactures
23. Palmyra fibre
24. Coir and sisal ropes for ships
25. Gum Karaya and Guar Gum
26. Bengal Deshi Cotton
27. Cotton yarn below 40 counts
28. Cotton waste
29. Cotton linters
30. Tanning agents like myrobalan extract
31. Crushed bones
IV. Mineral and Allied Materials
32. Mica and mica based products
33. Iron ore
34. Manganese ore
35. Kyanite
36. Sillimanite
37. Steatite
38. Ilmenite
39. Dead burnt magnesite
40. Ferro-manganese and ferrochrome
V. Vegetable oils
41. Castor oil
42. Cotton seed oil
43. Linseed oil etc.
44. Groundnut oil
VI. Engineering Products
(a) Ferrous manufactures
45. Grey iron, Malleable, Iron Sphercidal Iron and Mahanite Iron castings
46. Cast Iron pipes and specials
47. Carbon and ally steel castings
48. Carbon and alloy steel forgings
49. Steel Pipes and tubes and fittings thereof
50. Bright steel bars and shaftings
51. Fabricated steel structurals including transmission towers and hydraulic
structurals like gates, gearings and stock
52. Railway track fasteners, fittings and accessories
53. Wire rope and strand
54. Steel fasteners, all types, including wood screws machines screws, bolts, nuts
and rivets split pins, cotter pins, wire, nails and the like
55. Builder’s hardware
56. Milk steel arc welding electrodes
57. Ferrous manufactures n.o.s.
(b) Other Engineering Items
58. Aluminium semis, extrusions and fabrications including AAC, ACSR and
insulated cables with aluminium conductors
59. Machine tools and metal working equipment
60. Small cutting, hand tools, precision tools, diamond cutting tools, etc.
61. Internal combustion engines including diesel engines pumps and compressors
and parts and components thereof.
62. Industrial machinery for the manufacture of sugar, paper, textiles, cement and
chemicals and parts, components, accessories and ancillaries thereof.
63. Asbestos cement sheet manufacturing plant and accessories
64. Sewage and water treatment plant
65. Cranes, hoists and lifts
66. Mining and beneficiation plant for minerals
67. Construction machinery
68. Plastic processing machinery
69. Motor vehicles including jeeps, trucks, scooter, mopeds, etc. and vehicular
components, parts and ancillaries thereof
70. Tractor components all sorts, including torque convertors with invertors
71. Diesel engines/parts thereof
72. Bicycles and bicycles components
73. Railway wagons and coaches
74. Train lighting and railway signalling equipment
75. Data processing machines and copying machines
76. Sewing machines and components
77. Knitting machines and components
78. Dry and storage batteries
79. Electrical wiring accessories and lighting fittings
80. Electric generators, transformers, motors, circuit breakers, switch gears and
control gears
81. Electrical lamps, incandescent and fluorescent
82. Electrical and electronic instruments
83. Electrical appliances
84. Radio receivers and electronic components
85. Telecommunication equipment
86. Refrigeration, air conditioning ventilation and humidification equipment
87. Electric fans and components
88. Karbide petrol metering and dispensing pumps
89. Diamond drills and bits
90. Crown corks, aluminium capsules and pilfer proof caps
91. Locks and padlocks.
VII. Other manufactured goods
92. Cotton textiles
93. Woollen textiles
94. Woollen knitwear
95. Cotton knitwear
96. Other mixed fabrics
97. Ready-made garments
98. Nylon socks
99. Jute goods including jute canvas and jute tarpaulin
100. Cigars and cigarettes
101. Linoleum and other synthetic leather materials
102. Leather footwear and leather manufactures
103. Sports goods
104. Paints, varnishes, enamels and lacquers
105. Plywood and walnut veneers
106. Spectacle frames
107. Plastic manufactures
108. PVC floor tiles
109. Synthetic resins such as Alkyd Phenolic, Maleic, Malamine formaldehide and PVC
emulsion
110. Decorative phenolic laminates
111. Automobile tyres and tubes
112. Rayon tyre cord
113. Thermos flasks
114. Wired and figured glass
115. Human and animal hair and bristles
116. Collapsible tubes
117. Graphite electrodes
118. Enamelware
119. Polythelene
120. Polysterene
121. Sanitary fittings
VIII Handicrafts
122. Indian handicrafts and cottage industry products i.e. hand-loom (cotton and silk)
artistic silver ware, copper and brass ware, bidri products wood carvings, ivory
products etc.
IX. Chemicals
123. Organic and Inorganic Chemicals
124. Toiloetries and cosmetics
125. Synthetic Detergents
126. Rubber chemicals
127. Dyes
128. Pharmaceuticals/semi-products thereof
129. Medicinal herbs.
X. Miscellaneous
130. Asbestos cement products
131. Stationery articles
132. Surgical instruments and hospital appliances
133. Books and periodicals
134. Films cinematographic and exposed
135. Tapioca
136. Gramophone records.
SCHEDULE 'B'
GOODS AVAILABLE FOR EXPORT FROM YUGOSLAVIA
Food Products
Hybrid maize for sowing
Hop canes
Beverages
Wine and other beverages
Crude materials
Timber (Beach swan wood)
Sulphate wood pulp
Synthetic fibres
Medical and aromatic plant
Fuels and Lubricants
Oil Products
Chemicals and Pharmaceuticals
Phthalic acid and phthalic acid anhydride
Dioctyl phatalate
Citric Acid and other organic acids
Benzidine and other cyclic polymines
Amino acids
Barbituric acid and derivates
Acetanilide, phenocetic and others
Heterocyclic compounds
Sulphaciamides
Sultones and sultans
Pepsin
Mercury
Calcium carbide
Vitamins
Teramycin
Chloramphenicol
Serra and vaccines
Pheumautene, acetanylide acid
Explosives
Polyvimechloride
Cellophane, Cellulose acetate butyrate
Nitro cellulose
Insecticides
Rubber belts
Printing and writing paper
Toilet paper
Synthetic fibres and yarn
Chrome-magnesite tiles blocks and bricks
Artificial grinding wheels and polishing wheels
Photographic materials and films
Steel and Steel Products (high and low carbon)
Tool Steel
Spring Steel
Railway track materials
Tubes and Pipes
Alloyed Steel or iron forgings
Copper and copper products
Nickel and nickel products
Lead and Lead products
Zinc and Zinc products
Gas cylinders
Nuts and bolts of iron or steel
Tools
Blades for agricultural machinery
Machinery and Transport Equipment
Boilers and parts thereof
Electric power plant and turbines
Motor truck and bus engines and parts
Wheel and crawler tractors
Agricultural machinery and implements
Dairy machines
Machine tools
Wood working machinery
Skin and leather machinery
Mining equipment
Mechanical liquid pumps
Injection and injector pumps for diesel engines
Conveying machines
Transporter cranes
Ball and roller bearings
Auto, motorcycle and scooter parts
Electric motors and generators
Electric transformers and other electric equipment
Saw and high tension switches and boxes
Telephone and telephone equipment
Electric and telephone cables and conductors
TV sets and parts
Domestic appliances
Electric and electronic instruments
Thermostats
Ships, boats and auxillaries.
