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

Kedarnath Cloudburst: Third day... 300 people rescued on foot, four helicopters engaged for airlift, two bodies found

Rescue operations continued for the third day to evacuate the pilgrims stranded in Kedarnath. A d

Pakistan's foreign minister, embarrassed, praised the army, citing fake news. Pak media exposed the truth.

Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar has embarrassed himself. To prais

LIC Share Price Falls After OFS: Why Government Sold Stake at a Steep Discount of 10%

The Life Insurance Corporation of India (LIC) Offer for Sale (OFS) has concluded after receiving

Sugar Stock Turns ₹3.50 Into ₹120: 3,100% Return in 5 Years—Full Details

A small-cap sugar stock has emerged as a major multibagger, turning an investment of ₹10,000 ma

Rekha Gupta: Who is the accused of attacking CM Rekha Gupta, who has a connection with Gujarat? Why was the incident carried out, know

Delhi Chief Minister Rekha Gupta was attacked by a youth. This incident happened when she was con

Delhi Liquor Case: CM Kejriwal appeared virtually in the court, said - could not come in person due to trust motion

Chief Minister Arvind Kejriwal appeared in Delhi's Rouse Avenue Court today after not appearing o

Paris Olympics Day 5 Schedule: Manika Batra will take her campaign forward, and Lovlina will want to make a winning start

India got a bronze medal on Tuesday, the fourth day of the Paris Olympics when the pair of Manu B

Gonda Train Accident: Passengers' troubles increased as more than 100 trains were affected, a special train left for Assam

Due to the Chandigarh-Dibrugarh Express accident, the wheels of trains running on this route have

PM Modi: 'Manmohan Singh set an example for the country...' when Modi openly praised the former PM in Rajya Sabha

PM Modi praised Manmohan Singh: While addressing the farewell ceremony of MPs in Rajya Sabha, PM

Raghav-Parineeti Reception Card: Raghav-parineeti's reception to be held in Chandigarh, invitation card went viral

Raghav-Parineeti Reception Card: Seeing the photos and videos of the royal wedding of Raghav Chad

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