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of <h1>India's Free Trade and Preferential Agreements Simplify Tariffs and Procedures with Bhutan, ASEAN, Japan, South Korea, and More.</h1> India has signed various Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs) with multiple countries to facilitate trade by reducing tariffs and simplifying trade procedures. Notable agreements include those with Bhutan, Nepal, Sri Lanka, ASEAN countries, Japan, and South Korea, among others. These agreements often include specific provisions such as tariff concessions, rules of origin criteria, and import quotas. Additionally, India has established agreements like the Asia Pacific Trade Agreement and the Global System of Trade Preferences to promote trade among developing countries. Import procedures and quotas under these agreements are governed by specific notifications and require compliance with detailed application processes.
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