90 likes | 193 Views
Introduction of CII-BIS-ANSI Standards Portal. “ The International Language of Commerce is Standards” “Standardization has become the playing field on which competitors meet in the race to succeed in domestic and global markets”. Indo-US Trade.
E N D
“ The International Language of Commerce is Standards” “Standardization has become the playing field on which competitors meet in the race to succeed in domestic and global markets”
Indo-US Trade • Indian exports to US were USD $18.692 billion during Apr 07 – Feb 08. US is the ranked no.1 destination for India’s exports. It constitutes 13.09% of total India’s exports. • During 2007 - 2008, Indian exports to US increased by $1.7 billion (an increase of 9.93% over previous year). • US is ranked no. 4 (11.52% share) in terms of India’s imports. There was a growth of 57.7% of India’s imports from US during 2007-08. • Standards and Conformity assessment influence 80% of all exports to US.
Need of the Standards Portal • Indian SMEs have increased their competitiveness as well as international business contacts but overall remain under-represented in the international trade. • Indian companies, regardless of industry sector or level of sophistication, need access to definitive informationrelating to: • The Standards, • Regulations, and • Conformity assessment mechanisms.
Tripartite MoU between BIS, CII and ANSI (20 Dec 2007) • BIS, CII and ANSI have agreed to facilitate the sharing of information on • Standards, • Conformity Assessment, • Technical Regulations, and • Other trade related information in India and USA. • BIS, CII and ANSI have also agreed to cooperate and establish Indian and US content on a ‘US-India Standards Portal’ • Commitment by BIS, CII and ANSI to facilitate the sharing of information with the aim of enhancing Indo-US trade.
Composition of the Standards Portal • Single opening web page giving details of the objective of the Portal with brief overviews of BIS, CII and ANSI. • Hyperlinks to the web-sites of BIS, CII and ANSI, and to other relevant organizations in India and USA including • Standards development organizations (SDOs) • Bodies engaged in conformity assessment, • technical regulations, • govt organizations, • industry associations, and • trade promotion organizations. • Each organization to additionally develop new resources in support of the Portal.
Benefits of Standards Portal • Provide users with access to the existing information included on the US Standards Portal (www.standardsportal.org); • Help companies in respective countries to understand each other’s market requirements (standards, conformity assessment and technical regulation); • Understand the differences between Indian and US market requirements; and • Advocate for harmonization and other policies that would facilitate their access to and competitiveness in both markets. • Facilitate trade