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DFTPS to cover 94% of India's total tariff lines
01 May '08
2 min read
On the occasion of the First Indo – Africa Forum Summit in New Delhi on 8th April 2008,- Prime Minister announced a Duty Free Tariff Preference Scheme for Least Developed Countries (LDCs).
India will unilaterally provide preferential market access to exports from all the 50 least developed countries, 34 of which are in Africa. The scheme will cover 94% of India's total tariff lines.
Specifically, it will provide preferential market access on tariff lines that comprise 95.5% of global exports of all Least Developed Countries.
Presently under the Global system of Trade Preference, India offers import duty concessions on cotton yarn and Abaca Fibre (30% and 10% concession on normal duty respectively) to 51 LDC's/developing countries.
The relief derived by the textile industry on account of the above will be known after the measures are formalised.
(i) The value of import of Raw Cotton from African countries was US$.87.96 million in 2004-05 and US$ 11.22 million in 2005-06.
(ii) The value of import of Ready-made Garments was US$ 0.36 million in 2004-05 and US$ 0.24 million in 2005-06.
(iii) The value of Indian textiles exports to African countries was US$ 623.71 million in 2004-05 and US$ 583.15 million 2005-06.
This information was given by the Minister of State for Textiles, Shri E.V.K.S Elangovan in a written reply in the Rajya Sahba.
India will unilaterally provide preferential market access to exports from all the 50 least developed countries, 34 of which are in Africa. The scheme will cover 94% of India's total tariff lines.
Specifically, it will provide preferential market access on tariff lines that comprise 95.5% of global exports of all Least Developed Countries.
Presently under the Global system of Trade Preference, India offers import duty concessions on cotton yarn and Abaca Fibre (30% and 10% concession on normal duty respectively) to 51 LDC's/developing countries.
The relief derived by the textile industry on account of the above will be known after the measures are formalised.
(i) The value of import of Raw Cotton from African countries was US$.87.96 million in 2004-05 and US$ 11.22 million in 2005-06.
(ii) The value of import of Ready-made Garments was US$ 0.36 million in 2004-05 and US$ 0.24 million in 2005-06.
(iii) The value of Indian textiles exports to African countries was US$ 623.71 million in 2004-05 and US$ 583.15 million 2005-06.
This information was given by the Minister of State for Textiles, Shri E.V.K.S Elangovan in a written reply in the Rajya Sahba.
Press Information Bureau Government of India
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