In­dia re­quests Uzbek­istan to re­duce im­port tar­iff on fab­rics, made-ups, leather goods & footwear

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In­dia has re­quested Uzbek­istan to con­sider re­duc­tion of im­port tar­iff im­posed on fab­rics and made-ups, re­duc­tion in Higher MFN duty on RMG prod­ucts and sim­pli­fy­ing the pro­ce­dure for reg­is­tra­tion and cer­ti­fi­ca­tion. In­dia also sought re­duc­tion of im­port duty on leather goods and footwear. The Com­merce and In­dus­tries Min­is­ter, Nir­mala Sithara­man and Ab­du­laziz Kamilov, Min­is­ter of For­eign Af­fairs and Ely­or­ganiev, Min­is­ter of For­eign­trade held de­tailed dis­cus­sions on deepening trade and eco­nomic ties be­tween In­dia and Uzbek­istan in a bi­lat­eral meet­ing held on Wed­nes­day in the na­tional cap­i­tal. Com­merce Min­is­ter ex­pressed hap­pi­ness on for­ma­tion of an Uzbek In­di­a­trad­ing House at Delhi as a Joint Ven­ture Com­pany. Com­merce Min­is­ter sug­gested set­ting up and ac­ti­va­tion of a pri­vate in­dus­try led Joint Busi­ness Coun­cil to de­velop and en­hance busi­ness re­la­tions at all lev­els in­clud­ing in­vest­ments, trade in goods and ser­vices such as ed­u­ca­tion and health in Uzbek­istan and In­dia. She ex­pressed the hope that if the draft agree­ment un­der ne­go­ti­a­tion be­tween In­dia-cis Cham­ber of Com­merce and In­dus­try and Uzbek Cham­ber of Com­merce is quickly fi­nal­ized and the Joint Busi­ness Coun­cil com­mences work, then it would be a very pos­i­tive de­vel­op­ment for en­hanc­ing bi­lat­eral eco­nomic and trade re­la­tions. Both the Min­is­ters un­der­lined the high im­por­tance of trans­port & lo­gis­tics in­fra­struc­ture for strength­en­ing bi­lat­eral trade ties. Com­merce Min­is­ter re­quested Uzbek Min­is­ter to be­come mem­ber of mul­ti­lat­eral INSTC Agree­ment which would fa­cil­i­tate in­creased in­ter­na­tional tran­sit cargo traf­fic through Iran. Com­merce Min­is­ter re­quested Uzbek Min­is­ter for re­duc­tion of im­port duty on leather goods and footwear in Uzbek­istan from cur­rent 30% to 10%, which is cur­rent MFN rate in In­dia. She men­tioned that In­dia could source fin­ished leather from Uzbek­istan. Com­merce Min­is­ter also re­quested Uzbek Min­is­ter to con­sider re­duc­ing higher im­port duty on In­dian en­gi­neer­ing ex­ports touzbek­istan. Com­merce Min­is­ter re­quested Uzbek Min­is­ter to con­sider re­duc­tion of Im­port tar­iff im­posed by Uzbek­istan which are com­par­a­tively higher es­pe­cially on fab­rics and made­ups (upto 30%), re­duc­tion in Higher MFN duty on RMG prod­ucts which is 31.1% and sim­pli­fy­ing the pro­ce­dure for reg­is­tra­tion and cer­ti­fi­ca­tion.

Com­merce Min­is­ter in­formed Uzbek Min­is­ter that ex­is­tence of Non-tar­iff Bar­ri­ers such as im­port quo­tas and li­cens­ing, price and for­eign ex­change con­trol, com­plex cus­toms and ad­min­is­tra­tive pro­ce­dures, harsh san­i­tary norms and out­right bor­der clo­sures have also been lim­it­ing in­ter­re­gional trade. min­is­ter of For­eign Trade of Uzbek­istan in­formed that Uzbek Gov­ern­ment was se­ri­ously work­ing to lib­er­alise and sim­plify var­i­ous pro­ce­dures, sys­tems and norms and ex­pressed the hope that most of dif­fi­cul­ties faced by ex­porters would get re­solved shortly. com­merce Min­is­ter re­quested Uzbek Min­is­ter to sim­plify pro­ce­dure for grant­ing visa to In­dian busi­ness men and tourists and ex­pressed the hope that if visa is­sues are re­solved, tourism will also re­ceive im­pe­tus in both coun­tries.

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