{"id":19333,"date":"2023-10-11T09:52:34","date_gmt":"2023-10-11T09:52:34","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=19333"},"modified":"2023-10-11T09:53:50","modified_gmt":"2023-10-11T09:53:50","slug":"key-benefiting-products-after-india-reduced-duty-on-american-agricultural-imports","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2023\/10\/11\/key-benefiting-products-after-india-reduced-duty-on-american-agricultural-imports\/","title":{"rendered":"Key benefiting products after India reduced duty on American agricultural imports"},"content":{"rendered":"\n

On September 7, 2023, India reduced tariffs to 5% on U.S. duck,<\/u><\/a> turkey, cranberry, and other agricultural products<\/u><\/a>.  This was a month after U.S. President Joe Biden and India\u2019s Prime Minister Narendra Modi terminated a 10-year trade dispute. <\/p>\n\n\n\n

U.S. Agriculture Secretary Tom Vilsack noted that the tariff-reduction agreement would create new market opportunities for American producers and exporters.\u201d<\/u><\/a> <\/p>\n\n\n\n

The announcement happened on the sidelines of the G20 summit in New Delhi where the U.S. President met his Indian counterpart. <\/p>\n\n\n\n

At the time of the announcement, United States Senator Amy Klobuchar enthused with gladness for the trade breakthrough. The senator said that India had been a no-go zone for American turkey farmers due to restrictive tariffs.<\/p>\n\n\n\n

The nonprofit National Turkey Federation praised the agreement for bringing more nutritious protein<\/u><\/a> to India and benefitting American turkey farmers<\/u><\/a>. <\/p>\n\n\n\n

Key benefiting products: Turkey and Duck <\/strong><\/strong><\/h3>\n\n\n\n

American exports to India favored by the deal include frozen turkey and duck, which now enjoy 5% tariff from the previous 30%. <\/p>\n\n\n\n

India\u2019s imports of U.S. ducks and turkey in 2022 were almost zero, according to\u00a0ITC.\u00a0<\/u><\/a>partly due to the 30% duty.<\/p>\n\n\n\n

The other key agricultural products in the decreased tariff lineup include legumes, particularly\u00a0lentils and chickpeas.<\/u><\/a>\u00a0<\/p>\n\n\n\n

Select fruits and nuts, ranging from apples and pecans to walnuts, are also currently garnering less duty than previously.<\/p>\n\n\n\n

Before the resolution, American pecans<\/u><\/a> and chickpeas had attracted the highest duty of all produce at 100% and 60%, respectively. <\/p>\n\n\n\n

India\u2019s Chicken-only Imports <\/strong><\/strong><\/h3>\n\n\n\n

In 2022, India imported $1.94 million worth of live poultry from the United States, the highest of any nation. The figure represented 54.7% of India\u2019s total live poultry imports worth $3.55 million.<\/p>\n\n\n\n

Of the poultry products, live fowls (chicken) represented almost 100% of the imports from the United States. The average import price was  $0.94 per unit of live bird. <\/p>\n\n\n\n

With the lowering of tariffs on duck and turkey, the above figure may augment next year.<\/p>\n\n\n\n

The Duty Timeline <\/strong><\/strong><\/h3>\n\n\n\n

 In 2018, India\u2019s increased tariffs on global agricultural imports averaged 32.8%<\/u><\/a>, above the World Trade Organization (WTO)\u2019s median of 30%. Many of the targeted American produce, however, saw higher tariffs than the above average in the past 5 years.<\/p>\n\n\n\n

Some of the highest tariffs in 2018 included those on imported chickpeas <\/u><\/a>that rose overnight from 0% to 60%.<\/p>\n\n\n\n

In April 2023, appetite for American pecans in India saw the latter slash import duty for pecans from\u00a0100% \u00a0to 30%.\u00a0<\/u><\/a>\u00a0This marked the start of a tariff reduction trend that culminated this September, with the\u00a0WTO dispute resolution<\/u><\/a>.<\/p>\n\n\n\n

The slashing of tariffs ended a decade-long trade tiff that originally began after the U.S. consulted WTO on whether India\u2019s ban on its poultry products due to\u00a0bird flu\u00a0<\/u><\/a>concerns was legal.<\/p>\n","protected":false},"excerpt":{"rendered":"

On September 7, 2023, India reduced tariffs to 5% on U.S. duck, turkey, cranberry, and other agricultural products.  This was a month after U.S. President Joe Biden and India\u2019s Prime Minister Narendra Modi terminated a 10-year trade dispute.  U.S. Agriculture Secretary Tom Vilsack noted that the tariff-reduction agreement would create new market opportunities for American producers and exporters.\u201d  The…<\/p>\n","protected":false},"author":3,"featured_media":19334,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nKey benefiting products after India reduced duty on American agricultural imports - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2023\/10\/11\/key-benefiting-products-after-india-reduced-duty-on-american-agricultural-imports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key benefiting products after India reduced duty on American agricultural imports - 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