Home / Knowledge / News / Maldives to host Fourth Meeting of SAFTA
Maldives to host Fourth Meeting of SAFTA
04
Mar '08
Shri Kamal Nath, Union Minister of Commerce and Industry, has called for a review of negative lists to expand trade in goods and enlarging the scope for further trade cooperation among SAARC countries.

India has unilaterally decided to reduce its negative list with reference to the Least developed Countries (LDCs) of SAARC from seven hundred and forty four to around five hundred and the necessary notification to this effect would be revised within a few months.

This was stated by Shri Kamal Nath while addressing the Third SAFTA Ministerial Council meeting. He said: “in keeping with our commitments, we have already notified the advancement of the trade liberalisation programme in respect to LDCs by one year and with effect from 1st January 2008, the import duty on all items other than those in the negative list has been reduced to zero”.

The Meeting was attended by Dr. Sheel Kant Sharma, Secretary General of SAARC; Shri G.K. Pillai, Commerce Secretary; and representatives from the SAARC region.

Speaking on the occasion, Shri Kamal Nath emphasised that the SAARC region is broadly characterised by more or less similar developmental levels of member countries and the biggest challenge before us is the pursuit of economic development with inclusive growth.

He said that SAFTA is the first major step towards economic cooperation and integration within the region. “We all appreciate that the agreement is only the initial step and requires a continuous effort by all of us to improve and smoothen its implementation”, he added.

While drawing the attention of the participants, Shri Kamal Nath said that the regional study on Trade in Services has been completed, which would give government an opportunity for an effective services agreement amongst SAARC countries.

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search