Officers stated talks are on to supply responsibility concessions on American walnuts and almonds and get rid of duties on cranberries. The 2 sides are eyeing a bilateral commerce deal by finish of 12 months and have set a goal of $500 billion bilateral commerce by 2030. New Delhi imposes customary 42-120% responsibility on almonds and 50% on apples. Walnuts appeal to 100-120% responsibility.
“We’re within the means of resolving these points… There’s a workforce of negotiators in Washington doing that,” stated an official. The ministry of commerce and business has held consultations with stakeholders about lowering industrial tariffs in sectors during which India has offensive pursuits and those with insignificant American imports.
India can also be mulling giving responsibility concessions on American cherries and cranberries, which face 30% import tariffs. New Delhi imported $614.5 million price of almonds from the US in April-November FY25, $22.48 million price of apples and $6.68 million price of cranberries.
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