INDIA DFTP SCHEME
Gold, silver import surges 210 pc in 2023-24 from UAE; need duty revision in FTA: GTRI
Economic think tank Global Trade Research Initiative (GTRI) said this sharp rise in gold and silver imports is primarily driven by import duty concessions granted by India to the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
India, Tanzania working on agreement to expand bilateral trade using local currencies
India and Tanzania are working on an agreement to increase trade in local currencies, according to Indian Prime Minister Narendra Modi. During a meeting with Tanzanian President Samia Suluhu Hassan, the leaders expressed a desire to expand bilateral trade using local currencies, such as the Indian Rupee and Tanzanian Shilling.
India's cumulative investments in Africa stand at USD 70 billion: MEA
India's investments in Africa are in sectors such as oil and gas, mining, banking, pharma, textiles, automotive and agriculture. The MEA said 38 African nations have benefited from India's Duty Free Tariff Preference (DFTP) scheme which provides duty free access to 98.2 per cent of India's total tariff lines. Minister of State for External Affairs Rajkumar Ranjan Singh delivered an address at an event organised to mark Africa Day.
African-Indian Ocean Diving: Inside Modi government’s Africa policy
India is Africa’s fourth-largest partner with a volume of $70 billion. India’s Duty-Free Tariff Preference scheme extends duty-free access to 98.2 per cent of India’s tariff lines.
India to send 10 MT of life saving drugs to Sudan to help cope with COVID situation
Muraleedharan congratulated the transitional government and the people of Sudan on the signing of the Juba Peace Agreement, welcomed the removal of Sudan from the US' State Sponsors of Terrorism List and the normalization of its relations with Israel.
India, Africa trade can grow 3-fold to $150 billion in 5 years: C R Chaudhary
Under the scheme, import of almost all products from least developed countries (LDCs) to India attract lower or zero duties.
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Capacity building vital for India-Africa cooperation: VK Singh
India will make sure to partner and share with knowledge, resources, technology and other support to the nations in the African continent, Singh said.
India mulls providing easy credit to developing nations
India is considering providing easy credit facilities to developing countries, particularly in Africa, Commerce Minister Nirmala Sitharaman has said.
India amends DFTP scheme to increase trade with Africa
Under the scheme, import of most products from least developed nations to India attract lower duties.
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