Current Affairs · Trade and Economy
The Duty-Free Tariff Preference (DFTP) Scheme of India primarily aims to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Support small and medium Indian exporters by removing domestic export duties.
- 2Provide preferential market access to Least Developed Countries (LDCs) by granting duty-free access to most tariff lines.✓
- 3Offer full tariff elimination for exports from all developing countries to India under WTO's MFN principle.
- 4Facilitate a free trade agreement exclusively among the founding BRICS countries through a common duty-free zone.
Correct answer
Provide preferential market access to Least Developed Countries (LDCs) by granting duty-free access to most tariff lines.
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