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Question
Q. The Early Harvest Scheme(EHS) often seen in the news is in relation to which of the following?
Q. The Early Harvest Scheme(EHS) often seen in the news is in relation to which of the following?
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Solution
The correct option is A Trade Liberalisation
Explanation:
- The Early harvest scheme is a precursor to a free trade agreement (FTA) between two trading partners.
- This is to help the two trading countries to identify certain products for tariff liberalisation pending the conclusion of FTA negotiation. It is primarily a confidence building measure.
- A good example of an EHS is between India and Thailand wherein 83 products were identified to be reduced to zero in a phased manner.
- The EHS has been used as a mechanism to build greater confidence amongst trading partners to prepare them for even bigger economic engagement.
Explanation:
- The Early harvest scheme is a precursor to a free trade agreement (FTA) between two trading partners.
- This is to help the two trading countries to identify certain products for tariff liberalisation pending the conclusion of FTA negotiation. It is primarily a confidence building measure.
- A good example of an EHS is between India and Thailand wherein 83 products were identified to be reduced to zero in a phased manner.
- The EHS has been used as a mechanism to build greater confidence amongst trading partners to prepare them for even bigger economic engagement.
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