{"id":70088,"date":"2025-10-25T13:38:37","date_gmt":"2025-10-25T08:08:37","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=70088"},"modified":"2025-10-25T13:38:37","modified_gmt":"2025-10-25T08:08:37","slug":"duty-free-tariff-preference-dftp-scheme","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/duty-free-tariff-preference-dftp-scheme\/","title":{"rendered":"Duty-Free Tariff Preference (DFTP) Scheme"},"content":{"rendered":"<h2><b>Duty-Free Tariff Preference (DFTP) Scheme Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, the World Trade Organization credits India\u2019s Duty-Free Tariff Preference (DFTP) scheme for boosting exports from the poorest nation.<\/span><\/p>\n<h2><b>About Duty-Free Tariff Preference (DFTP) Scheme<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It was <\/span><b>initiated in 2008<\/b><span style=\"font-weight: 400;\"> and offers <\/span><b>Least Developed Countries<\/b><span style=\"font-weight: 400;\"> (LDCs) preferential access to the <\/span><b>Indian market.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The DFTP scheme aims to boost LDCs&#8217; <\/span><b>economic growth, diversify exports, and strengthen trade<\/b><span style=\"font-weight: 400;\"> relations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Objective:<\/b><span style=\"font-weight: 400;\"> The objective of the scheme for <\/span><b>LDCs is grant of tariff preferences<\/b><span style=\"font-weight: 400;\"> on the exports of the Least Developed Countries on imports to India.<\/span><\/li>\n<\/ul>\n<h2><b>Key Features of India\u2019s DFTP Scheme<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Duty-Free Access to Indian Market:<\/b><span style=\"font-weight: 400;\">\u00a0 Under the DFTP scheme, products from LDCs are eligible for duty-free access to the Indian market.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Eligible Countries: <\/b><span style=\"font-weight: 400;\">It<\/span> <span style=\"font-weight: 400;\">is available to all <\/span><b>LDCs recognized by the United Nations<\/b><span style=\"font-weight: 400;\">. India offers this preferential access to around 48 countries classified as LDCs, including countries in Africa, Asia, and the Pacific.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Eligible Products:<\/b><span style=\"font-weight: 400;\"> A wide range of products from LDCs can benefit from the DFTP scheme. These include:<\/span>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Agricultural products:<\/b><span style=\"font-weight: 400;\"> Fruits, vegetables, spices, and grains.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Textiles and garments:<\/b><span style=\"font-weight: 400;\"> Clothing, fabrics, and textiles made in LDCs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Handicrafts and traditional goods:<\/b><span style=\"font-weight: 400;\"> Handwoven textiles, jewelry, and locally produced crafts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Leather goods:<\/b><span style=\"font-weight: 400;\"> Leather garments, bags, and accessories.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Minerals and metals:<\/b><span style=\"font-weight: 400;\"> Products like gold, diamonds, and other raw materials.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Source: <\/b><strong><a href=\"https:\/\/www.livemint.com\/news\/india-outpaces-china-eu-in-duty-free-access-as-wto-credits-india-s-dftp-scheme-for-boosting-exports-from-poorest-nation\/amp-11761209425489.html\" target=\"_blank\" rel=\"nofollow noopener\">LM<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Duty-Free Tariff Preference (DFTP) Scheme was initiated in 2008 and offers Least Developed Countries (LDCs) preferential access to the Indian market. Read more about Duty-Free Tariff Preference (DFTP) Scheme, Objective, Key Features, News.<\/p>\n","protected":false},"author":24,"featured_media":70111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[3393],"class_list":{"0":"post-70088","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-duty-free-tariff-preference-dftp-scheme","9":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/70088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=70088"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/70088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/70111"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=70088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=70088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=70088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}