New Delhi, Dec. 18 -- The proposed India-Oman Comprehensive Economic Partnership Agreement (CEPA) is expected to significantly boost India's industrial exports, as import duties in Oman currently range from zero to as high as 100 per cent on select products, according to a report by the Global Trade Research Initiative (GTRI).
The report noted that at present, over 80 per cent of Indian goods enter Oman at an average tariff of around 5 per cent. However, duties vary widely across products, with very high tariffs imposed on items such as certain meats, alcohol and tobacco.
GTRI said that the elimination or reduction of these tariffs under the CEPA is likely to improve the competitiveness of Indian industrial exports in the Omani market....
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