India-US Relationship: America welcomed India's move to reduce duty on agricultural products, said this


Posted on 12th Sep 2023 12:20 pm by rohit kumar

The US has welcomed India's recent move to reduce tariffs on several American agricultural products. Last week, India agreed to reduce tariffs on certain US products, including frozen turkey, frozen duck, fresh blueberries and cranberries, frozen blueberries and cranberries, as well as processed blueberries and cranberries.

 

US officials said the tariff cuts would expand economic opportunities for US agricultural producers in the important market and help bring more products from the United States to customers in India.

 

Did you know?Explore Trending and Topic pages for more stories like this.

Welcoming the announcement, US Agriculture Secretary Tom Vilsack said the move would create new market opportunities for American producers and exporters.

 

Vilsack said, “Under the Biden-Harris administration, USDA (US Department of Agriculture) and USTR (United States Trade Representative) have focused on rebuilding trust and strengthening relationships with our global trading partners, including India, And we are working through the WTO and elsewhere to ensure that those partners meet their obligations so that American agriculture can have full and fair access to key export markets. ,

 

This latest move follows India's removal of retaliatory tariffs on US apples, chickpeas, lentils, almonds, and walnuts, a development that was announced earlier this summer and took effect this week.

 

“Although significant progress has been made, significant tariff and non-tariff barriers remain for US agricultural products reaching the Indian market,” Vilsack said. Senator Amy Klobuchar in a statement welcomed the agreement to reduce duties on US turkey exports to India. He said that with this agreement, the duty on the export of frozen turkey products to India will be reduced from 30 percent to five percent.

 

"For too long, high tariffs have prevented American turkey farmers from exporting their products to India," Klobuchar said. "That's why I'm committed to creating a level playing field for American turkey farmers and producers and Pushed for a resolution to reduce trade barriers, and I am pleased that this agreement has been reached.

 

In a separate statement, Senators Mark Warner and Tim Kaine said the move will help strengthen the partnership between India and the US while increasing demand for Virginia poultry and supporting economic activity in the valley.

 

In 2021, Virginia was the sixth largest turkey source in the U.S. after producing 14.5 million birds. Turkey production plays a vital role in Virginia's poultry industry, providing a direct economic impact of $5.8 billion and economic activity in the state. Contributes USD 13.6 billion.

 

Joel Brandenberger, president and CEO of the National Turkey Federation, said the federation appreciates the efforts of the US and Indian governments to reduce tariffs. This move creates an important new market for American turkey producers and will provide Indians with more affordable access to nutritious, delicious protein."

 

He said, "NTF congratulates the Office of the U.S. Trade Representative and the leadership of USDA on this achievement, and we thank Senators Mark R. Warner and Thom Tillis for leading Congressional efforts to ensure that U.S. turkey Producers can compete effectively in this rapidly growing market.

 

Also Read: G20: Pakistan stunned by India-Saudi Arabia agreement in G20, people said on social media - we are ashamed

1 Like 0 Dislike
Previous news Next news
Other news

Varun Beverages Share Price: VBL Stock Plunges Despite Good News—Should Investors Buy the Dip?

Shares of Varun Beverages Limited (VBL), one of PepsiCo's major bottling partners, came under sel

Ruturaj Gaikwad Under Threat from Sanju Samson! Questions Arise After Chennai Super Kings' Back-to-Back Defeats.

Chennai Super Kings have had a poor start to the 2026 IPL season. The team, led by Ruturaj Gaikwa

NEET paper leak: CBI collecting evidence in three states; Jharkhand principal in custody, accused Chintu-Mukesh in custody for three days

In the NEET paper leak case, the Central Bureau of Investigation (CBI) has intensified action in

Shambhu border: Sukhwinder came on a bicycle after traveling 300 KM, and a group of Nihang Singhs also reached.

The gathering of farmers at the Shambhu border is continuously increasing. There are more youth a

Relief Possible from Nepal's ₹100 Rule; Hope Rises at Indian Border Following MP's Initiative

Following recent political developments in Nepal—and the disputes and tightened customs reg

Tripura Bypolls: CPI(M) alleges rigging in Tripura by-polls, announces boycott of counting

CPI (M) has announced a boycott of vote counting in Tripura by-elections alleging large-scale rig

MahaKumbh: 'Like Mahakumbh, UCC has equal feelings for everyone', CM Dhami spoke on these issues in a special conversation

Chief Minister Pushkar Singh Dhami, who reached Mahakumbh after implementing the Uniform Civil Co

Realme 16x 5G Arrives With 7,000mAh Battery and 144Hz Display; Check Price

Realme has expanded its 5G smartphone portfolio in India with the launch of the Realme 16x 5G. Th

TBZ Share Price Surges 20% Despite Jewellery Stock Sell-Off: GRT Jewellers Deal Triggers Rally

Jewellery stocks came under pressure in Tuesday’s trading session after Prime Minister Nare

'Made fun of faith', BJP got angry at Kharge's statement on Maha Kumbh; Sambit Patra gave this challenge.

BJP has criticized Congress President Mallikarjun Kharge for his comments on BJP leaders taking a

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash