NEW DELHI: In an effort to boost bilateral trade, the Centre has announced tariff concessions under a Preferential Trade Agreement (PTA) on imports from Chile. According to a notification, the government has fixed tariff preferences ranging from 10 to 50 per cent on 164 products.
Copper and concentrates will attract 10 per cent of duty, whereas, for most of the other items it would be between 15 and 20 per cent.
Some products like food grain would attract 50 per cent duty.
India and Chile entered into a PTA last year in a bid to increase bilateral trade and investment. It was the first time that such an agreement had been signed between India and any individual Latin American country.
Friday, September 14, 2007
Govt offers tariff concessions on imports from Chile
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2 comments:
how would be india benefited if it import is encouraged rather than exports.rather foreign exchange reserves would be decreased instead of increasing.also is chile master/monopolised of any product which india is not having than it would be beneficial to have this type of import trades.also chile must be giving its prodcuts at best competetive rates so that indians would not be going for deemed imports.
that s sll for today
Still offered tariff concessions alive on imports from Chile?
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