China lower duties on Indian leather imports

    The Indian government has reported that China is to reduce duties on imports of Indian leather and leather products, following India's decision to reduce duties on imports of some types of commodities from China, according to the Interfax news agency. The duty reductions are provided for under the Bangkok Agreement signed in 1975, under which members countries of the Economic and Social Commission for Asia and the Pacific (ESCAP) are encouraged to expand trade by means of import duty reductions.