Duty-Free Tariff Preference (DFTP) Scheme
Recently, the World Trade Organization credited India’s Duty-Free Tariff Preference (DFTP) scheme for boosting exports from the poorest nations.
- The DFTP Scheme was formally launched in August 2008 by the Government of India during the WTO Ministerial Meeting in Geneva.
- The objective was to strengthen South-South cooperation and promote trade inclusivity by providing duty-free and preferential tariff access to products originating from Least Developed Countries (LDCs), as classified by the United Nations (UN).
- India was among the first developing countries to extend such preferential treatment to all LDCs, reflecting its commitment to the Doha Development Agenda and global economic equity. ....
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