| India to provide textiles' duty free market for SAFTA |
| TQ 24 April 2008 |
|
India will provide duty reduction to the Agreement on South Asian Free Trade Area (SAFTA) member countries ranging from zero to five percent within ten years, said Minister of State for Textiles, E V K S Elangovan today. It has also been decided to provide zero duty market access for 3 million pieces of garments annually from Sri Lanka under the India-Sri Lanka Free Trade Area without any sourcing conditions and port restrictions in terms of a MoU signed between the governments of India and Sri Lanka, he said. The Agreement on South Asian Free Trade Area (SAFTA) was operationalised from July 1, 2006
|