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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Trade Dispute with India Widens

07/03/2019

Considered to be a potential market for U.S. poultry agriculture commodities, India recently imposed tariffs on 28 import categories including agricultural products. The Administration has characterized the duties as “unacceptable”.  For 2018, India enjoyed a surplus of $24 billion in reciprocal trade valued at  $140 billion. In June 2018, the U.S. placed tariffs on steel and aluminum imports from India along with other nations.  This initiated a series of reciprocal trade actions.

 

Conflict began when India imposed rules on E-commerce placing Walmart and its Indian subsidiary Flipkart and also Amazon at a disadvantage against local competitors.  Other self-serving and parochial rules have also impacted U.S. financial institutions intending to conduct business in India.

 


 
Copyright 2019 Simon M. Shane