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India seeks lower import duties, reduction in non-tariff barriers from Uzbekistan

( August 25, 2017, 05:35 GMT | Insight) -- The Indian Commerce Ministry has asked its Uzbekistan counterparts to cut import duties on textiles, leather goods and engineering products to boost bilateral trade, the Financial Express reports.The Indian Commerce Ministry has asked its Uzbekistan counterparts to cut import duties on textiles, leather goods and engineering products to boost bilateral trade, the Financial Express reports. This included a specific request to reduce import duties from 30 percent to 10 percent on footwear and leather goods. India said non-tariff barriers like import quotas, stringent sanitary norms and complex administrative procedures were limiting trade. It also proposed the setting up of a joint business council led by private industry to bolster and promote trade and business ties. Bilateral trade was valued at $155.76 million in 2016-17, with an ambitious $1 billion in trade targeted within the next three years.  ...

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