These tariff cuts will expand economic opportunities for US agricultural producers in a critical market and help bring more US products to India.
With India and the US announcing the resolution of their last trade dispute on poultry products at the WTO, New Delhi has agreed to reduce tariffs on certain American products like frozen turkey, frozen duck, fresh blueberries and cranberries, the USTR has said.
The United States Trade Representative (USTR) Katherine Tai in a statement said the US and India have agreed to resolve their last outstanding dispute at the World Trade Organization (WTO) on Indian measures concerning the importation of poultry and poultry products.
“As part of the agreement, India also agreed to reduce tariffs on certain US products, including frozen turkey, frozen duck, fresh blueberries and cranberries, frozen blueberries and cranberries, dried blueberries and cranberries, and processed blueberries and cranberries,” the statement dated September 8 said. These tariff cuts, it said, will expand economic opportunities for US agricultural producers in a critical market and help bring more US products to India.
“Resolving this last outstanding WTO dispute represents an important milestone in the US-India trade relationship, while reducing tariffs on certain US products enhances crucial market access for American agricultural producers,” Tai said. In June, the two countries agreed to terminate six outstanding disputes at the World Trade Organization. India also agreed to reduce tariffs on certain US products, including chickpeas, lentils, almonds, walnuts, apples, boric acid, and diagnostic reagents.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!