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The framework for an interim trade agreement between India and the US sends a strong signal of confidence to global investors and offers a timely boost to competitiveness, technology access, and supply chain resilience, India Inc said on Saturday. India and the US on Saturday announced they have reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade. FICCI President Anant Goenka said it marks a pivotal step forward in advancing economic synergy between two of the world's largest democracies. "This strategic partnership is designed to lower tariffs, ease regulatory bottlenecks, and unlock new opportunities across sectors. As India strengthens its position as a global manufacturing hub, this agreement offers a timely boost to competitiveness, technology access, and supply chain resilience". While the US will reduce tariffs on Indian goods to 18 per cent from the present 50 per cent, India will ..
Seeking investments in a range of sectors, Afghanistan Industry and Commerce Minister Alhaj Nooruddin Azizi on Monday said his government is ready to offer five years of tax breaks to firms investing in new sectors, including gold mining. Speaking at an interactive session organised by business chamber Assocham, Azizi said tensions with Pakistan creating hurdles in trade. "There is a huge potential available in Afghanistan. Even you will not find a lot of competitors. You will also receive tariff support, and we will be able to give you land. The five-year tax exemption will be given to companies who may be interested to invest in new sectors," the minister said. Afghanistan will charge only 1 per cent tariff if Indian firms import machinery for investment, he said. "Gold mining will definitely require the technical and professional team or professional companies. So initially, we are requesting that you send your team, they can do the research, they can do the exploration initiall