Answer: The India-Afghanistan Preferential Trade Agreement (PTA) is a bilateral trade agreement between India and Afghanistan that aims to promote trade and economic cooperation between the two countries.
Answer: The main objectives of the India-Afghanistan PTA are to promote bilateral trade and investment, to reduce and eliminate tariff and non-tariff barriers to trade, and to create a framework for economic cooperation between the two countries.
Answer: The key provisions of the India-Afghanistan PTA include the reduction or elimination of tariffs on certain products traded between the two countries, the establishment of a Joint Committee to oversee the implementation of the agreement, and the provision of technical assistance and capacity building to support trade and economic cooperation between India and Afghanistan.
Answer: The India-Afghanistan PTA covers a wide range of products, including agricultural products, textiles, pharmaceuticals, and machinery. The specific list of products covered under the agreement is determined through negotiations between the two countries.
Answer: The benefits of the India-Afghanistan PTA include increased trade and economic cooperation between the two countries, which can lead to increased economic growth and development. The reduction or elimination of tariffs can also make products cheaper and more accessible for consumers in both countries.
Answer: The implementation of the India-Afghanistan PTA has faced several challenges, including political instability and security concerns in Afghanistan, which can affect trade and investment. In addition, some technical issues related to customs procedures and rules of origin have also been raised as potential challenges to the implementation of the agreement.
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