Trade pact: Gold may be kept out of future trade pacts
By GCRU Gold News on Tuesday, September 19 2017, 04:05 - Permalink
A big spike in gold imports from countries with which India has trade agreements has caused alarm in the government, which now plans to exclude the yellow metal from such agreements in the future. “Provisions of trade agreements have been abused to import gold at zero or lower duty,” a government official said. The surge in gold imports has worsened the country’s current account deficit.