Govt may seek flexibility in tariff concessions under FTA review with Asean

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Govt may seek flexibility in tariff concessions under FTA review with Asean - Business Standard

Quick Summary:

India may seek flexibility in the existing tariff concessions in sectors which are impacted by significant increase in imports, under the free trade agreement (FTA) review with the 10-nation Association of Southeast Asian Nations (ASEAN), an official said.

"We may seek some flexibility in the tariff (or customs duty) concessions that have been given in the agreement.

Some of the concessions can be taken back and can be given somewhere else because in some sectors we feel our domestic industry is badly getting hurt.