To bring the nylon chain on par with polyester and other man-made fibres, basic customs duty (BCD) rates on caprolactam, nylon chips and nylon fibre & yarn will be uniformly.
The UK will soon apply to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trans-Pacific trading bloc of 11 nations, with talks scheduled.
Rieter, a supplier of systems for short-staple fibre spinning, reported 31 per cent fall in its order intake to CHF 640.2 million (Swiss currency) during fourth quarter (Q4).
The Indian economy is projected to post a narrower contraction of 8 per cent this fiscal but may witness double-digit expansion in the next two, according to the International.
India and the United Kingdom are committed to an enhanced trade partnership as the first step towards a positive free trade agreement (FTA) in future and plans are expected.