Saturday, July 15, 2006

GOVT. CUTS DUTIES ON SAFTA IMPORTS

The Government has effected the first tariff reduction under the agreed phased Trade Liberalisation Programme (TLP) of the agreement on South Asian Free Trade Area (SAFTA). Accordingly, the Finance Ministry has with effect from July 1 reduced Customs duties on imports of items under nearly 380 tariff lines from Pakistan and Sri Lanka (non-least developed contracting States).

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