India’s import duty hike raises red flag at WTO

23-Jul-2015 # ActEast Source: The Times of India

A recent review of India’s trade policy has showed that the average applied customs duty rate went up to 13 per cent in 2014-15, compared to 12 per cent at the time of the last review in 2010-11 — a move that has seen some red flags go up at the World Trade Organization. The developed as well as some of the developing countries have been pressing India since years to lower tariff barriers.

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