India is reviewing its trade pact with Asean to address anomalies like the inverted duty structure disadvantaging local manufacturers. Measures such as production-linked incentive schemes, import tariffs, and import monitoring are in place to tackle the trade deficit.
India has begun looking at several products where taxes on input items are higher compared to the finished goods as part of a comprehensive review of its trade pact with the 10-member Asean to correct several anomalies that have undermined domestic manufacturing.
India News: India has launched a five-day Millets Festival here in the Indonesian capital to raise awareness for millets as a farmer-friendly and sustainable food
India News: JAKARTA: Asean wants a 'stronger' relationship with India, Secretary-General Dr Kao Kim Hourn of the 10-member bloc of the Southeast Asian countries h.