Agri Import Duty - Business Outrank

The United States demands India to lower its agricultural import tariffs from 40% to 5% during the upcoming four-day trade negotiations in Washington. The United States maintains that this level of equivalence is necessary to achieve a balanced and sustainable bilateral trade relationship. The Indian officials warn that deep tariff cuts would damage the survival of Indian farmers who operate at subsistence levels because they lack the commercial capabilities of American agricultural operations. The United States maintains its agricultural tariff rate stands at 5% while India maintains a 39% average tariff rate. Both parties maintain their dedication to establishing middle ground despite the potential negative impact on India's rural economy from accepting these terms. The negotiations focus on completing the first phase of the Bilateral Trade Agreement (BTA) which serves as a pathway toward achieving the “Mission 500” target established by Prime Minister Narendra Modi and President Donald Trump in February to double trade by 2030. The United States has not applied additional punitive tariffs to India despite imposing up to 50% levies on goods from more than two dozen other countries. The Indian negotiating team under Rajesh Agrawal shows optimism about this week's progress yet maintains caution because of previous US trade promise failures as demonstrated by their Vietnam trade dispute.

What's Hot

Ghost Paradise – A Heart-touching Cinematic Experience

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Agri Import Duty

US Asks India to Cut Agri Import Duty by 35% Amid Trade Talks

Ghost Paradise – A Heart-touching Cinematic Experience

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

Our Picks

Ghost Paradise – A Heart-touching Cinematic Experience

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

Most Popular

How to optimise instagram account to increase more followers

Maruti Suzuki Company expanded the SUV lineup with a new mid-size model Victoris.

US House passes bill to ban TikTok

Subscribe to Updates

What's Hot

Browsing: Agri Import Duty