India has granted a quota-based obligation concession to the US on apples underneath the interim commerce pact, whereas absolutely defending home apple growers, Commerce and Trade Minister Piyush Goyal stated on Saturday.
India has imposed a minimal import worth (MIP) of Rs 80 per kg and an import obligation of 25 per cent on apples from the US underneath the proposed India-US commerce pact, which is anticipated to be signed by mid-March.
This successfully means apples priced beneath Rs 100 per kg can’t be imported into the nation from the US.
At current, imported apples entice a 50 per cent import obligation with an MIP of Rs 50 per kg, successfully barring imports of apples priced beneath Rs 75 per kg.
“Our apple farmers are absolutely protected, and there’s no want to fret,” Goyal informed reporters right here.
India imports about six lakh tonnes of apples yearly, together with from the US. The nation meets its necessities from imported apples.
He additionally stated that a number of Indian items, together with agricultural merchandise, will entice zero reciprocal tariffs within the US underneath the interim commerce pact.
Sure Indian fruits, greens, tea, and low may even have zero reciprocal tariff within the US, he stated, including India has not given any obligation concessions on any dairy product, sugar, or millets to America.
Goyal added that the settlement is not going to harm the pursuits of farmers, MSMEs, handicrafts, and handlooms “in any approach”.
He additional stated India has granted obligation concessions to the US in sectors like alcoholic drinks, cosmetics, and medical units.
India may even get zero reciprocal tariff in sure auto, plane components within the US underneath the commerce pact.
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