Govt offers tariff concessions on imports from Chile
In an effort to boost bilateral trade, the Centre has announced tariff concessions under a Preferential Trade Agreement (PTA) on imports from Chile.
By PTI |
NEW DELHI: In an effort to boost bilateral trade, the Centre has announced tariff concessions under a Preferential Trade Agreement (PTA) on imports from Chile.
According to a notification, the government has fixed tariff preferences ranging from 10 to 50 per cent on 164 products.
Copper and concentrates will attract 10 per cent of duty, whereas, for most of the other items it would be between 15 and 20 per cent.
Some products like food grain would attract 50 per cent duty.
India and Chile entered into a PTA last year in a bid to increase bilateral trade and investment. It was the first time that such an agreement had been signed between India and any individual Latin American country.
According to a notification, the government has fixed tariff preferences ranging from 10 to 50 per cent on 164 products.
Copper and concentrates will attract 10 per cent of duty, whereas, for most of the other items it would be between 15 and 20 per cent.
Some products like food grain would attract 50 per cent duty.
India and Chile entered into a PTA last year in a bid to increase bilateral trade and investment. It was the first time that such an agreement had been signed between India and any individual Latin American country.
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