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Agri, related ministries warn against duty relaxation to US
Financial Express Kochi
|July 02, 2025
• Duty cuts on shrimp, apples from US likely
EVEN AS THE final phase of talks for an interim trade deal with the US is underway in Washington, official sources here said that the Union ministries of agriculture, animal husbandry and fisheries have said that they have taken "firm positions" against offering any import duty cuts to the US for key farm products.
Under the proposed trade deal, the US had demanded tariff cuts for maize, soyabean, skimmed milk powder (SMP) and poultry products.
Currently, import of maize is subject to 61% duty, while SMP attracts 68% levy. Lowering the duties on these items would hit the small and marginal farmers, the respective administrative ministries have conveyed to the Indian negotiators.
Dit verhaal komt uit de July 02, 2025-editie van Financial Express Kochi.
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