FreeCurrencyRates.com

इंडियन आवाज़     18 May 2024 03:18:21      انڈین آواز

Removal of additional duty on walnut, apples won’t impact domestic growers: Govt

(Last Updated On: )

India has removed additional duties on several US products, including chickpeas, lentils, and apples, which were imposed in retaliation to America’s tariffs on steel and aluminium products. This move comes ahead of US President Joe Biden’s visit to India for the G20 Summit. Both countries had previously agreed to terminate WTO disputes and remove retaliatory tariffs on certain US products.

AMN / WEB DESK

A day after former J&K CM Mehbooba Mufti expressed concern over removal of additional duties on apples, walnuts, and almonds on local growers in J&K, the union government said that the move will not have an adverse impact as the basic duty of 50% will continue to protect domestic players.

This comes after India recently lifted additional duties on several American products, such as chickpeas, lentils, and apples. The retaliatory measures were imposed in 2019 in response to the United States’ decision to raise tariffs on specific steel and aluminum items.

Government has said that a duty of 50 percent on US apples and hundred percent on walnuts will continue to be applicable. Minister of Commerce and Industry Piyush Goyal said that only additional twenty percent duty has been removed.

He said that additional duties of 20 percent each on apples and walnuts were imposed on the US’s products in 2019 as a retaliation to the US’s state protectionist measure of increasing tariffs on certain steel and aluminum products.

Mr. Goyal stated these additional duties imposed by India on US-origin products have been withdrawn as the US agreed to provide market access to Steel and Aluminium products under the exclusion process.

He added that, there is no reduction on the Most Favoured Nation (MFN) duty on apples, walnuts and almonds, which still applies to all imported products, including US-origin products.

The Minister said that this measure will not result in any negative impact on domestic apple, walnut and almond producers.

Additional secretary of the commerce ministry Peeyush Kumar during a press briefing said that the government is monitoring imports and that it has sufficient policy space to support growers if there is any implication of the move adding that only the additional duty has been removed and the basic duty of 50% will continue.

Please email us if you have any comment.

خبرنامہ

متحدہ عرب امارات، ہندوستان کے محنت کش مہاجرین کا سب سے بڑا مرکز-UAE

انسانی تاریخ کے ہر دور میں مہاجرت ہوتی رہی ہے تاہم یہ مسئلہ ع ...

بھارتی مصالحے کہیں تجارت کا مزہ خراب نہ کر دیں

بیرون ملک سے شکایات کے بعد اب ملک میں ہو رہی ہے مصالحوں کی جان ...

امریکہ کے تعلیمی ایکٹ میں ‘جنس’ کی نئی تعریف پر تشویش

خواتین اور لڑکیوں پر تشدد کے خلاف اقوام متحدہ کی خصوصی اطلاع ...

MARQUEE

Singapore: PM urges married Singaporean couples to have babies during year of Dragon

AMN / WEB DESK Prime Minister of Singapore Lee Hsien Loong has urged married Singaporean couples to have ba ...

Himachal Pradesh receives large number of tourists for Christmas and New Year celebrations

AMN / SHIMLA All the tourist places of Himachal Pradesh are witnessing large number of tourists for the Ch ...

Indonesia offers free entry visa to Indian travelers

AMN / WEB DESK In a bid to give further boost to its tourism industry and bring a multiplier effect on the ...

MEDIA

Tamil Nadu CM Stalin attacks BJP over ‘saffron’ Doordarshan logo

AMN DMK Chief and Tamil Nadu chief minister MK Stalin on Sunday slammed the Bharatiya Janata Party (BJP) f ...

Broadcasting Authority Penalises TV Channels for Hate-Mongering, Orders Removal Of Offensive Programs

Broadcasting Authority (NBDSA) Orders Times Now Navbharat, News 18 India, Aaj Tak to Take Down 3 TV Shows ...

RELIGION

Uttarakhand: Portals of Badrinath Shrine open for Pilgrims

The portals of the famous Badrinath shrine, located in Chamoli district of Uttarakhand, opened this morning at ...

Mata Vaishno Devi Bhawan Decorated With Imported Flowers Ahead Of Navratri Festival

AMN In Jammu, ahead of the festivl of Navratri, Katra and Mata Vaishno Devi Bhawan is decorated with import ...

@Powered By: Logicsart