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Cabinet approves Exchange of Tariff concessions under the Fourth Round of Negotiations APTA

News and Press Release - Dated:- 12-9-2016 - Press Information Bureau Government of India Ministry of Commerce & Industry 12-September-2016 13:15 IST The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the exchange of tariff concessions, on Margin of Preference basis, under the Fourth Round of Negotiations under the Asia Pacific Trade Agreement and related amendments. The Asia Pacific Trade Agreement or APTA (formerly the Bangkok Agreement) is an initiative unde .....

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he trade negotiating rounds which are launched from time to time. Till date, three rounds of trade negotiations have taken place. Up to the Third Round, India has offered tariff preferences on 570 tariff lines at an average Margin of Preference (MoP) of 23.9% and an additional 48 tariff lines to LDC members at an average MoP of 39.7% at the 6-digit HS level. The third round, with respect to all Participating States, cumulatively covered concessions on 4,270 products with MOP of 27.2%. The Cabine .....

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