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




15.10.2019 06:56:34

Element

In Japan, the number of typhoon victims has reached 68 people.
14.10.2019 10:34:59

The mighty Russian ...

The most common mistakes of schoolchildren at the exam in the Russian language are named.
14.10.2019 10:30:01

Being late is not acceptable?

Irkutsk hockey players were not allowed on the flight due to a minute delay.
11.10.2019 09:54:50

The best cities of Russia

The most promising cities of Russia according to Forbes.
11.10.2019 09:51:39

Press market

The President of Ukraine held the first meeting with the media after the election.


Advertisement

Advertisement

Themes cloud

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

Persons

Companies


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