India to Offer Duty, Quota Free Access for Least Developed Countries
Mar. 24 – India said it will soon offer duty-free and quota-free market access to the least developed countries during a World Trade Organization presentation last week.
India will allow 14 least developed countries including Bangladesh, Nepal, Bhutan, Cambodia, and some African nations easy access to the Indian market without imposing a tax or quota. Items such as cotton, cocoa, cane sugar and garments will be included in the list of duty-free goods.
India has been actively negotiating for free trade deals, signing one with the Association of Southeast Asian Nations and South Korea last year.
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