India cuts duty rates on US products to resolve outstanding World Trade Organisation issues - News Summed Up

India cuts duty rates on US products to resolve outstanding World Trade Organisation issues


India has cut duties on frozen turkey, frozen duck, fresh blueberries and cranberries, frozen blueberries and cranberries to about 5 to 10 per cent from the existing 30 to 45 per cent, as agreed with the US to resolve outstanding World Trade Organisation (WTO) issues. The new duty rates, effective from Tuesday, have been notified by the finance ministry. India is not a major producer of blueberries and depends on the import of the fruit to meet its local needs. The US is the largest producer of blueberries in the world and has been trying to tap the Indian market. The official said there is a work programme on e-commerce trade and the members of the WTO should continue to discuss the issue under that.


Source: The Telegraph February 21, 2024 14:00 UTC



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