These tariff cuts will broaden financial alternatives for US agricultural producers.
Washington:
The USA has welcomed the latest Indian transfer to scale back tariffs on a number of American agricultural merchandise.
Final week, India agreed to scale back tariffs on sure US merchandise, together with frozen turkey, frozen duck, recent blueberries and cranberries, frozen blueberries and cranberries, dried blueberries and cranberries, in addition to processed blueberries and cranberries.
These tariff cuts will broaden financial alternatives for US agricultural producers within the vital market and assist carry extra merchandise from the USA to clients in India, US officers stated.
Welcoming the announcement, US Agriculture Secretary Tom Vilsack stated the transfer will create new market alternatives for US producers and exporters.
“Below the Biden-Harris Administration, USDA (US Division of Agriculture) and USTR (United States Commerce Consultant) have centered on rebuilding belief and strengthening relationships with our international buying and selling companions, together with India, and dealing by means of the World Commerce Group and different venues to make sure that these companions stay as much as their obligations in order that US agriculture has full and truthful entry to key export markets,” Vilsack stated.
The latest transfer follows the lifting of India’s retaliatory tariffs on US apples, chickpeas, lentils, almonds and walnuts, a improvement that was introduced earlier this summer time and took impact this week.
“Whereas vital progress has been made, important tariff and non-tariff obstacles to American agricultural merchandise accessing the Indian market stay,” Vilsack stated.
Senator Amy Klobuchar in a press release welcomed the settlement to decrease tariffs on US turkey exports to India. The settlement will decrease tariffs on frozen turkey merchandise exports to India from 30 per cent to five per cent, she stated.
“For too lengthy, excessive tariffs have prevented American turkey farmers from exporting their merchandise to India,” Klobuchar stated.
“That is why I pushed for a decision to create a fair enjoying subject and scale back commerce obstacles for American turkey farmers and producers, and I am glad to see this settlement has been reached,” Klobuchar stated.
In a separate assertion, Senators Mark Warner and Tim Kaine stated this transfer will assist strengthen the sturdy partnership between India and the US whereas producing elevated demand for Virginia poultry and supporting financial exercise within the Valley.
In 2021, Virginia was the sixth largest turkey supply in America after producing 14.5 million birds.
Turkey manufacturing performs a key position in Virginia’s poultry trade, which gives a direct financial affect of USD 5.8 billion and contributes USD 13.6 billion in financial exercise within the State.
“The Nationwide Turkey Federation applauds the efforts by the US and Indian governments to considerably scale back the tariffs. This transfer creates an vital new marketplace for US turkey producers and can give Indians extra inexpensive entry to a nutritious, scrumptious protein,” stated Joel Brandenberger, president and CEO of the Nationwide Turkey Federation.
“NTF congratulates the Workplace of the US Commerce Consultant and the management of USDA on this accomplishment, and we thank Senators Mark R. Warner and Thom Tillis for spearheading congressional efforts to make sure US turkey growers are capable of successfully compete on this fast-growing market,” he stated.
(This story has not been edited by Ednbox workers and is auto-generated from a syndicated feed.)
