Tuesday, July 22, 2008

Ficci Demands Change In Nama Text - July 22 , 2008

Indian industry has asked removal of provisions in the latest non-agricultural market access (Nama) draft text that bound protection to cheap imports. The Federation of Indian Chambers of Commerce and Industry (Ficci) has also called for additional market access to Indian service providers and professionals to developed countries. Ficci has also asked for withdrawing proposals related to anti-concentration according to which sensitive tariff lines that will not be subjected to import duty cuts cannot be focused in one particular sector or sub-sector. Indian industry has been vehemently opposing the proposals as it feels they will severely impact sectors like auto-components, textiles, marine products and leather.

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