India reduces sensitive list for LDCS under SAFTA

New Delhi, Aug 8 (UNI) The Union Cabinet today gave approval for reducing India's existing 'Sensitive List' of 744 items for Least Developed Countries (LDCs) Under the South Asian Free Trade Agreement (SAFTA) to 480 items by deleting 264 items.

A meeting of the Cabinet, chaired by Prime Minister Manmohan Singh, also gave its approval for deleting of Road map for tariff reductions in respect of the 264 items from the Sensitive List of 744 items.

''This is in pursuance of India's announcement during the 14th SAARC Summit regarding its readiness to accept asymmetrical responsibilities, including opening her markets to her South Asian neighbours without insisting on reciprocity,'' Union Science and Technology Minister Kapil Sibal told mediapersons.

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