Quantitative restrictions on imports of manufactured consumer goods and agricultural products were fully removed from _____.

March 1991

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May 2001

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April 2001

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April 1991

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Solution

The correct option is D April 2001
The trade policy reforms aimed at removal of licensing procedures for imports. Import licensing was abolished except in case of hazardous and environmentally sensitive industries. Quantitative restrictions on imports of manufactured consumer goods and agricultural products were also fully removed from April 2001.

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