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India plans to impose higher trade barriers and raise import duties on around 300 products from China and elsewhere, two government officials said, as part of an effort to protect domestic businesses.
Duty Free Tariff Preference (DFTP) is a unilateral non-reciprocal preferential tariff scheme provided by the Government of India for the least developed countries (LDCs). The scheme was officially introduced on 13 August 2008. India was the first developing country to introduce a preferential tariff program for the LDCs. [1] [2]
India’s Narendra Modi is reportedly considering cutting import duties for electric vehicles in a bid to attract a major multibillion-dollar investment by Tesla CEO Elon Musk.. For years, the two ...
Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. WTO: WTO indicators are based on MFN (Most Favoured Nation) tariffs applied by the reporting country/economy. Trade weighted ...
A free trade agreement (FTA) also involves reducing or eliminating tariffs on items traded between the partner countries; however each maintains individual tariff structure for non-members. The key difference between an FTA and a PTA is that PTAs have a positive list of products on which duty is to be reduced, while an FTA uses a negative list ...
India will cut gas pipeline tariffs for areas far from gas injection points as the nation seeks a cleaner fuel-led industrial development across the country, an official at the Petroleum and ...
2 Regional Hindi news channels. 3 English news channels. 4 Assamese news channels. ... Good News Today; India News; India TV; Jan TV; Live India; NDTV India; News18 ...
The former president, who has threatened tariffs on several countries as part of his “America First” approach, ended preferential trade status for India during his first term in 2019.