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Wednesday, April 09, 2008

India made imports from Africa duty-free

In a bid to strengthen its trade relations with African nations, India announced a series of measures including a total cut on duties on imports. India has decided to provide duty-free preferential market access to imports from the world's 50 least developed countries including 34 from Africa.
It was announced by PM Manmohan Singh in New Delhi. Some of the important products covered under the list (that will have duty-free import) are cotton, cocoa, aluminium ores, copper ores, cashew nuts, sugar cane, ready-made garments, fish fillets and non-industrial diamonds.
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