According to US almond industry officials, the formal removal of retaliatory tariffs on agricultural products going into India will boost demand in that nation. Agreed to in June, the tariff removal took effect in early September, bringing the tariff rate back down to Rs 35 per kilogram on inshell and Rs 100 per kg on kernels. The tariffs had been Rs 41 per kg on inshell and Rs 120 per kg on kernels.
Julie Adams, the Almond Board of California’s vice president for technical and regulatory affairs, stated: “We are very happy to see the retaliatory tariffs removed, which will both help increase demand in India and reduce the cost to consumers there. The almond industry has been working hard along with government officials to reduce the impediments for exports of California almonds to India, which is our largest export destination. We continue to discuss further opportunities to improve export conditions related to tariffs and technical barriers.”
Source: farmprogress.com