Bimstec Meet Next Month
India to finalise negative list
Pallab Bhattacharya, New Delhi
India will finalise by next week a negative list of 1,250 goods that will not qualify for tariff cut ahead of the meeting of Bimstec officials next month to firm up a free trade agreement, official sources said here yesterday.Bimstec (the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) comprises Bangla-desh, India, Thailand, Sri Lanka, Myanmar, Bhutan and Nepal. The Commerce Ministry is having consultations with industries associations and export promotion councils to shape India's stand on the regional FTA. The negative lists of items will be exchanged among member-countries at the next meeting of the Bimstec to be held next month.
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