India on 3 June 2011 extended duty-free market access to Afghanistan as part of its economic package for LDCs (Least Developed Countries). Under this scheme, the import of most products from the neighbouring nation will be allowed at zero duty.
India’s duty-free tariff preference (DFTP) scheme was launched by Prime Minister Manmohan Singh in 2008. The scheme provides preferential duty access on products including 92.5 percent of global LDC exports.
The DFTP scheme allows duty-free access on 85 per cent of India’s total tariff lines. The scheme is to be executed over a period of five years. It will be done through five equal tariff reductions of 20 percent each on the current applied rates to decrease the duty rates to zero.
Some of the products of interest for LDCs which are covered include cotton, aluminium ore, cashewnut, cane sugar, readymade garments, fish fillets and non-industrial diamonds.
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