Global slowdown to dampen foreign trade prospects

Posted: Feb 29, 2008 at 2359 hrs IST
Updated: Feb 29, 2008 at 0019 hrs IST

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“For the merchandise sector, these include continuation of the reduction in customs duty resulting in low import duty, weeding out of unnecessary customs duty exemptions, abolishing export schemes that are redundant with fall in import duties and streamlining existing schemes,” it said. It pitched for a focused policy on beneficial Comprehensive Economic Cooperation Agreements (including trade in goods and services as well as investment protection) even with some developed countries....