The associations have called for similar market access negotiations with Asia's third-largest economy.
In submissions to the United States Trade Representative (USTR) as inputs for the upcoming National Trade Estimate Report on Foreign Trade Barriers, the Almond Board of California said the Economic Cooperation and Trade Agreement (ECTA) concluded between India and Australia will allow 34,000 tonnes of Australian almonds (into India) at 50 per cent of the tariff. "That will cover the current level of Australian imports and is anticipated to lead to a lower US market share of almonds in the Indian market," it added.
In June 2019, India hiked tariffs on 28 items exported by the US, including almonds, apples, walnuts. This was in retaliation to the US decision of increasing Customs duties on certain steel and aluminium products from India.
This story is from the January 24, 2023 edition of Business Standard.
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This story is from the January 24, 2023 edition of Business Standard.
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