India seeks duty concession on cars, machinery in FTA with Sri Lanka

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India seeks duty concession on cars, machinery in FTA with Sri Lanka - Business Standard

Quick Summary:

India is seeking customs duty concession on a number of goods including cars, commercial vehicles and machinery from Sri Lanka under a comprehensive free trade agreement (FTA), talks for which are underway, an official said.

The 14th round of talks between senior officials of India and Sri Lanka was concluded recently in Colombo.

On the other hand, Sri Lanka has sought removal of a quota on apparel exports to India.