NEW DELHI, November 11 – BUSINESS STANDARD – India today decided to move towards a Preferential Trade Agreement with Pakistan under South Asian Free Trade Area (SAFTA) that will lead to zero customs duty on all traded goods by 2016. The SAFTA is an agreement reached in the 2004 SAARC summit in Islamabad which created a free trade area of 1.8 billion people in Bangladesh, India, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka. Meeting on the sidelines of the 17th South Asian Association for Regional Cooperation (SAARC) summit here, Prime Minister Manmohan Singh and his Pakistani counterpart Yousuf Raza Gilani agreed that bilateral trade will be conducted on Most Favoured Nation (MFN) basis. – BUSINESS STANDARD – The Union government is considering a pact with neighbouring countries for development of dry ports, to global standards. The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) is trying to help Asian countries reach an agreement. A dry port is an inland terminal directly connected by rail or road to a sea port, providing services for handling, temporary storage, inspection and customs clearance for international freight. India has 155 places so notified, with 89 in the development stage. Some countries in Asia such as China, India, Malaysia, South Korea, Russia and Thailand have established functioning dry ports. Dry ports can also help reduce carbon dioxide emissions. – FINANCIAL EXPRESS – In a major trade liberalisation effort in South Asia, India drastically slashed the sensitive list for Least Developed Countries under SAFTA from 480 tariff lines to just 25 under which zero basic customs duty will be given for all the removed items.
Submitted By:-
Priyesh Narain
Researcher
สำหรับรายละเอียดของข่าวข้างต้น โปรดติดต่ิอนาย Priyesh Narain ที่ This email address is being protected from spambots. You need JavaScript enabled to view it.