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On May 5, 2022, trade and finance ministers from East African Community (EAC) member countries agreed to raise minimum common external tariffs from 25 to 35 percent on several agricultural products.
The Philippines and Member States of the European Free Trade Association (EFTA) – Iceland, Liechtenstein, Norway, and Switzerland – signed a comprehensive Free Trade Agreement (FTA) on April 28, 2016.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.