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The differentiator for FTZs is integration

The differentiator for FTZs is integration

Srinath Manda says a big difference between UAE and Indian Free Zones (FZs) is scale of operations the latter are promoted as sector-specific zones, so they havenÆt achieved the scale of integrated ones. Free Zones were conceived to boost exports by creating designated zones free from bureaucratic troubles and more suited for international market.

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India plans to import tariffs on steel products

India plans to import tariffs on steel products

In order to safeguard the interests of local producers from huge imports, primarily from China and Italy, India plans to impose tariffs on some iron and steel pipes, tubes and profiles. This information is said to be sourced from a filing of India in the World Trade Organization. According to the guidelines of WTO, member countries can impose such tariffs on a temporary basis if they can sho