Oman FTA shields key Indian sectors
New Delhi, June 1 -- India has protected its market from imports of over 2,780 tariff lines, including gold and silver bullions, jewellery, dairy, tea, coffee and tobacco, under its free trade agreement with Oman, which will be operational from Monday, officials aware of the development said.
India has offered tariff liberalisation on 77.79% of its over 12,550 tariff lines, covering 94.81% of the country's imports from Oman by value. But multiple tariff lines have been placed in the exclusion list to safeguard manufacturing competitiveness and farmer interests, the officials said, requesting anonymity.
The FTA protects India's sensitive sectors adequately. India has placed 2,789 tariff lines in the exclusion list, including transport equipm...
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