India and Thailand will sign a deal Monday to eliminate tariffs on 82 goods by 2006 as a first step towards a free trade agreement, an Indian commerce ministry official said.
The protocol is to be signed in New Delhi by India's Commerce Minister Kamal Nath and his Thai counterpart Watana Muangsook, the official said.
Under the deal, the two countries will end tariffs by September 1, 2006 on 82 items, mostly manufactured products including refrigerators, wristwatches and industrial pipes. The tariffs will first be slashed by 50 percent for a year and then by 75 percent before their total elimination.
The official said the agreement would pave the way for a free trade agreement between the two countries by 2010.
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