India to partially import the US poultry and dairy markets

India has earlier restricted dairy imports to protect the livelihoods of 80 million rural households involved in the industry.
Sheena

Updated: Feb 14, 2020 04:30:30 pm

India to partially import the US poultry and dairy markets

14 February 2020 Current Affairs:India has agreed to partially import poultry and dairy markets from the United States. The move comes ahead of the US President Donald Trump's first official visit to India. The move by GoI is to trade preferences, in exchange for tariff reductions and other concessions. India has earlier restricted dairy imports to protect the livelihoods of 80 million rural households involved in the industry. 

India will import the US chicken legs, turkey and produce such as blueberries and cherries. Also, India has offered to cut tariffs on chicken legs from 100% to 25%. It also offered some access to India's dairy market, but with a 5% tariff and quotas. The dairy imports need a certificate that states they are not derived from animals that have consumed feeds that include blood meal, internal organs, or tissues of ruminants.

India-US:
India is the world's largest milk-producing nation. The US is India's second-largest trade partner after China. India is the US's 9th largest trading partner in goods. The bilateral goods and services trade increased to a record of $142.6 billion in 2018. The US had a $23.2 billion goods trade deficit in 2019 with India.
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