Key Points
The removal of retaliatory customs duties on eight American products, including apples, walnuts, and lentils, will not result in a loss to the country, Parliament was informed on Friday..
India had imposed these duties on 28 US products in retaliation to America's move to increase import duty on certain steel and aluminium goods...
During Prime Minister Narendra Modi's recent visit to Washington, both sides decided to resolve six trade disputes at the World Trade Organisation..
The government has decided to remove retaliatory customs duties on import of almonds (fresh or dried, in shell), walnuts, chickpeas, lentils, apples, medical diagnostic reagents, and boric acid, Minister of State for Commerce and Industry Anupriya Patel said in a written reply to the Rajya Sabha...
"The removal of retaliatory tariffs or cuts in import duty with the US does not result in a loss to India," she said.. "It simply means that the additional duties imposed as a response to the US measures are no longer applicable and the MFN (most favoured nation) tariff rates as applicable to all countries prevail," she added...
You might be interested in
20 pc retaliatory duty removal on American apple imports to have 'zero' impact on Indian farmers: official
26, Jun, 23India's decision to remove retaliatory tariffs on US apples, imposed in 2019 in response to the US increasing tariffs on certain steel and aluminium products, will not have any negative impact on Indian farmers. The decision to remove these additional duties was part of an agreement reached between India and the US during Modi's visit to USA.
No loss to country on removal of US retaliatory tariffs: Govt tells Parliament
21, Jul, 23India has removed retaliatory customs duties on eight US products. Among these were almonds, walnuts, and chickpeas as the country looks to resolve its trade disputes with the US. Retaliatory charges had been imposed on 28 US products in response to America's decision to levy extra import taxes on certain steel and aluminium products. The most-favoured nation tariff rates now apply to all countries.
India imposes anti-dumping duty on three Chinese products for five years
10, Jan, 24India has decided to impose anti-dumping duties on three Chinese products, namely wheel loaders, gypsum tiles, and industrial laser machinery. The purpose of these duties is to protect local manufacturers from the influx of cheap imports from China. The imposition of these duties follows the recommendations made by the Directorate General of Trade Remedies (DGTR), which is the investigation arm of the commerce ministry.
Boosting ‘Make in India’! How India is working with Asean to review trade pact to spur domestic manufacturing
12, Apr, 24India Business News: India is examining its trade agreement with Asean to rectify discrepancies hindering domestic manufacturing. The review focuses on import duties, rule