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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]
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 ...
Global map of countries by tariff rate, applied, weighted mean, all products (%), 2021, according to World Bank. This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and ...
Metals stocks led losses in Indian shares after news of Trump's tariff plans on steel and aluminium. India's benchmark indexes fell 0.8%, with the metals index dropping 3%.
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
The Ministerial Decision on Modalities of 2 December 2009 [12] included, in par. 7, "(a) an across-the-board, line-by-line, linear cut of at least 20 per cent on at least 70 per cent of their dutiable tariff lines; or (b) in the case of Participants with duty-free tariff lines accounting for more than 50 per cent of their total national tariff ...
Consulates-General are staffed by career consulate foreign nationals, usually with full diplomatic protection. Honorary consuls are accredited US citizens or residents who have official standing but are usually part-time [2] [3] The United States Department of State's Chicago regional office serves these missions.
A free trade area is basically a preferential trade area with increased depth and scope of tariffs reduction. All free trade areas, customs unions, common markets, economic unions, customs and monetary unions and economic and monetary unions are considered advanced forms of a PTA, but these are not listed below.