New duties - 1BiTv.com

New duties

India imposed duties on 28 goods from the United States.


New duties


India introduced higher return rates for 28 American products, including almonds, apples and walnuts, after Washington abolished trade preferences for New Delhi. This decision by Donald Trump intended to make after taking office as US President in 2017, promising to act more actively against countries with which Washington has a large trade deficit.
New duties come into force on June 16, according to a notice to the American administration. Earlier it was reported that India is preparing to charge higher rates on the eve of the first meeting of Prime Minister Narendra Modi with Donald Trump on the sidelines of the G20 summit in Japan on June 28 and 29.
On June 5, the head of the White House abolished trade privileges under the Generalized System of Preferences (GSP) for India, the largest beneficiary of this scheme, which allowed it to export duty free goods worth up to $ 5.6 billion. Indian authorities called this decision "erroneous" and promised to defend the national interests of the state.

In June last year, the government of India issued a decree on increasing import taxes up to 120% on a variety of goods from the United States, which was caused by Washington’s refusal to exempt this country from raising steel and aluminum tariffs. However, in practice, New Delhi has repeatedly postponed the increase in tariffs, since the two countries have been actively trading. In 2018, the trade turnover between them amounted to about 142.1 billion dollars.

Finally, on June 15, the authorities of India nevertheless ordered "to introduce reciprocal duties on 28 goods produced in the United States or exported from the United States," while maintaining the existing tariff on these goods for all other countries, the Indian government said in a notice. New tariffs for American products in areas such as e-commerce and data localization have already angered the United States and have hit companies like Amazon.com, Walmart Inc., Mastercard and Visa.
An increase in Indian duties on American goods, according to experts, may affect the level of political and security relations between the two countries.

US Secretary of State Mike Pompeo, who is expected to visit India as early as June, said that this week the United States was open to dialogue on resolving trade disputes with India by expanding access for US companies to its markets, but New Delhi allegedly did not "sufficient measures" to resolve this issue.

According to the US Department of Agriculture, India is the largest buyer of American almonds. So, she paid $ 543 million for more than half of US exports of almonds in 2018. This is the second largest buyer of American apples, which acquired them in 2018 in the amount of 156 million dollars.

Source: Russian newspaper


17.06.2019 09:08:25
(Automatic translation)



Michael Pompeo

American politician, diplomat.

Donald Trump

He is 45th President of the United States




15.07.2019 03:30:00

Where to listen to free music

It became known which parks the musicians will play in the summer
13.07.2019 04:26:00

Behind the wheel is dangerous

In Italy, the punishment for using the phone while driving was toughened.
12.07.2019 04:19:00

Looking for discounts

The average bill for a trip to the store increased by three rubles.
12.07.2019 04:15:00

Details of the tragedy

The details of the death of Russians in Greece have become known.
12.07.2019 04:06:00

Plastic came into vogue

Recycled clothing is gaining popularity.


Advertisement

Themes cloud

mail adoption UN reform medicine lawyer role coffers Germany business reward undeclared goods bank currency gold-coin standard architecture Olympic Games policy elections Iran monometallism slavery democracy bravery conference moderation organization Gazpromneft Road accidents pension easement arbitration court cargo transportation baby dog seller test acceptance transfer dictionary diabetes crocodile shipping Kerch succession doctor integration alcohol IFRS accompanying live memorandum bill medicines premise insulin money supply the death penalty bite export heir dismissal USA pharmaceuticals festival 3G quasi-agreement FMCG citizenship regulations economy China oligarchy juice Ukraine Sochi theory payment real estate emission a laptop car Moscow freedom WTO QR Code compromising evidence arson football FIFA 2018 treachery liquidation note music tyranny timocracy Russia coffee mushrooms ban food The Code of Justinian Paralympic Games a bag drink child jackpot 4G Kazakhstan co-packing turnover intellectual property Taxi fideicomass finger will gold testosterone trade murder Colour cargo pledge philosophy a restaurant digitalization selling money transgender causa mortgage coin gas internet theft agent paint client bridge beer law security cinema air transportation monetary system pact delivery investigation recreation order tax content poisoning parturition CIS own female head Greece money issue Israel tort inheritance smuggling study GLONASS CCTV ATM lottery offer cession debt justice sanctions will court nullification a family law dollar exchange counterfeit Socrates Rome ruble trademark judge confiscation Submarine legislation song LTE revaluation the tablet consultation soccer shoes conversion channel aircraft marriage staff snake Belarus bimetallism hotel mark logistics assassination attempt rating monetary aggregate divorce cat investment mortgage derivative straw Plato Contract extortion import Syria a toy report marketing product S-300 VAT private banking Neurotechnology legate credit customs devaluation finance Job control rocket planning Crimea Tax Free provider Viber Bocharov Creek action currency unit fraud treaty monopolist apple denomination

Persons

Companies


1BiTv.com   © 2011-2019    |    Privacy Policy    |   Created by Technologies for Business    |   en@1bitv.com