India agreed to decrease its tariffs on a variety of American imports and the US welcomed this move
The recent decision by India to lower tariffs on a number of American agricultural exports has been warmly received in the United States.
Read more : Prior to Joe Biden’s visit to India for the G20 conference, some US products tariffs were removed
Last Monday, India agreed to lower tariffs on a number of American goods, including frozen turkey, frozen duck. Also, it includes fresh and frozen blueberries and cranberries, dried and processed blueberries and cranberries, and fresh and frozen cranberries.
Enhance business prospects for American Farmers
According to U.S. authorities, these tariff reductions will increase business prospects for American farmers in this crucial market. This will also aid in distributing more American goods to Indian consumers.
Tom Vilsack, the secretary of agriculture for the United States, welcomed the announcement and said that it will open up new market prospects for domestic farmers and exporters.
The US Department of Agriculture (USDA) and USTR (United States Trade Representative) have concentrated their efforts under the Biden-Harris Administration on restoring trust and bolstering ties with our international trading partners, including India, as well as working through the World Trade Organisation and other places to make sure that those partners remain up to their obligations so that U.S. agriculture has full and equitable access to important export markets, according to Mr. Vilsack.
Removed Import duties on various US Products
The latest action comes after India this week lifted its retaliatory duties on American apples, chickpeas, lentils, almonds, and walnuts, which were announced earlier this summer and went into force this week.
Although major strides have been achieved, substantial tariff and non-tariff barriers still prevent American agricultural exports from reaching the Indian market, according to Mr. Vilsack.
In a statement, Senator Amy Klobuchar expressed her appreciation for the decision to reduce duties on American turkey exports to India. According to her, the deal will reduce taxes on shipments of frozen turkey goods to India from 30% to 5%.
According to Ms. Klobuchar, high tariffs have made it impossible for American turkey farmers to sell their products in India for a long time.
In order to level the playing field and lower trade obstacles for American turkey farmers and producers, Ms Klobuchar said, "I pushed for a resolution, and I'm glad to see this agreement has been reached."
Deepen the US-Indian Relationship
Senators Mark Warner and Tim Kaine stated in a separate statement that this action will assist economic growth in the Valley, improve demand for Virginia poultry, and deepen the U.S.-Indian relationship.
Virginia produced 14.5 million turkeys in 2021, making it the sixth-largest source of the bird in the United States.
The poultry sector in Virginia, which generates a direct economic effect of $5.8 billion and an overall economic contribution of $13.6 billion to the State, is heavily reliant on the production of turkeys.
The American and Indian governments' initiatives to considerably lower tariffs are commended by the National Turkey Federation. According to Joel Brandenberger, president and chief executive officer of the National Turkey Federation, this action opens up a significant new market for American turkey producers and will make a delicious, nutritious protein more accessible to Indians.
Strong and Robust Poultry sector of Virginia
Virginia produced 14.5 million turkeys in 2021, making it the sixth-largest source of the bird in the United States.
The poultry sector in Virginia, which generates a direct economic effect of $5.8 billion and an overall economic contribution of $13.6 billion to the State, is heavily reliant on the production of turkeys.
The American and Indian governments' initiatives to considerably lower tariffs are commended by the National Turkey Federation. According to Joel Brandenberger, president and chief executive officer of the National Turkey Federation, this action opens up a significant new market for American turkey producers and will make a delicious, nutritious protein more accessible to Indians.
The NTF commends the Office of the U.S. Trade Representative and the leadership of the USDA for achieving this goal, and it expresses gratitude to Senators Mark R. Warner and Thom Tillis for leading congressional efforts to ensure that American turkey farmers could successfully compete in this quickly expanding market.
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