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Tariffs Are Cut On LDC Products

by Ulrika Lomas, Tax-News.com, Brussels

07 October 2010


The World Trade Organization Committee on Trade and Development (CTD) has reported on the progress of programmes to provide duty-free and quota-free market access to least-developed countries (LDCs).

India said that 18 LDCs now benefit from its Duty Free Tariff Preference Scheme for LDCs. It added that it will be organizing a workshop on this scheme for LDCs.

China said that since July 1, 2010, it had been granting zero-tariff treatment on 4,762 tariff lines for products exported by 33 LDCs. It would continue to expand the coverage of this programme.

Brazil said that an inter-ministerial working group has been established to discuss the procedures for its scheme, which it said would eventually cover 100% of tariff lines.

The European Union said that it was working to simplify the rules of origin for its Generalized System of Preferences (GSP) scheme, which would particularly benefit LDCs.

The CTD has also approved a proposal by Brazil, China, India and the United States to establish a transparency mechanism which lays out a procedure for the consideration of preferential trade arrangements in the CTD. The proposal is to be transmitted to the General Council for adoption.

TAGS: free trade agreement (FTA) | India | tariffs | World Trade Organisation (WTO) | trade treaty | China | Brazil | United States | import duty | trade

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