Money Indian farm product tariffs curbing Australian exports- minister

01:27  02 august  2018
01:27  02 august  2018 Source:   reuters.com

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Many of India ’s bound tariff rates on agricultural products are among the highest in the world, ranging from 100 percent to 300 percent. While many Indian applied tariff rates are lower (averaging 32.7 percent on agricultural goods in 2015)

Tariff concessions are crucial for Indian SMEs exporting their products to the US market. File photo of Prime Minister Narendra Modi with US President Donald Trump. Value of key Indian exports to the US in 2017-18. Product category.

a man holding a glass of wine: FILE PHOTO: Australia's Trade Minister Steven Ciobo speaks with media after TPP talks during APEC Summit in Danang© REUTERS/Kham FILE PHOTO: Australia's Trade Minister Steven Ciobo speaks with media after TPP talks during APEC Summit in Danang Australia's exports of farm products to India have taken a hit because of new tariffs and free trade negotiations between the two countries have stalled, trade minister Steven Ciobo said on Wednesday.

"Australian farm exporters to India have been whacked with a range of new trade distortions over the past year," Ciobo told a grains industry conference in Melbourne.

"This has included higher tariffs on chickpeas, wheat and lentils, quantitative restrictions on mung beans and yellow peas and what we consider export subsidies on sugar."

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The latest tariff hikes have more do with Indian domestic politics than diplomatic quarrels with Canada, and apply to a tiny proportion of Canadian pulse exports . And there still doesn’t appear to be any light at the end of the tunnel. “If there was a CEPA, it most certainly would cover farm products in

Nevertheless, U.S. exporters continue to encounter tariff and nontariff barriers that impede imports of U.S. products into India . The Indian government’s Foreign Trade Policy (FTP) 2015-2020 announced on April 1, 2015 is primarily focused on increasing India ’s exports of goods and services

Pulses imports to India, the world's biggest buyer, may fall to their lowest in nearly two decades after the government raised import taxes and restricted overseas purchases to bolster prices, affecting the plans of its global suppliers.

Australia exported A$1.3 billion ($964 million) of agricultural goods to China in 2015/16, according to the latest figures from the Department of Foreign Affairs and Trade.

The reduction in imports illustrates New Delhi's steps to raise the prices of pulses, like peas and lentils, as it looks to reduce payouts to farmers under a food subsidy scheme.

Farmers in Canada, Australia and Russia that rely on Indian demand are expected to intensify their cutbacks in pulses cultivation, while seeking other markets.

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The following export product groups represent the highest dollar value in Australian global shipments during 2017. Also shown is the percentage share each export category represents in terms of overall exports from Australia . At the more granular four-digit Harmonized Tariff System code level

99.4 per cent of tariffs that Australians exporters face into Peru will be eliminated. "This new trade deal is a huge win for Aussie farmers , creating expanded export opportunities for our sugar, dairy, grains, kangaroo meat, red meat, wine and horticulture sectors," Minister Littleproud said.

  Indian farm product tariffs curbing Australian exports- minister © AAP/Sean Davey Ciobo said Australia is keen for a bilateral Free Trade Agreement or Comprehensive Economic Cooperation Agreement with India.

"Unfortunately, those negotiations have been stalled because our positions have been too far apart. In the interim, the government has been looking at ways beyond free trade agreements to expand our bilateral economic relationship."

Regarding the U.S.-China trade war, Ciobo he was seeking more details from the United States about a package it has given to soybean farmers.

"I also wanted to refer to the U.S. announcement of a new package of up to $12 billion in assistance for U.S. farmers," he said.

"We are seeking more details from the US about the assistance package in order to assess possible impacts on Australian farmers and commodity exports."

China has imposed retaliatory tariffs on U.S. soybeans amid an escalating trade war between the world's biggest economies.

The world's biggest importer of soybeans, China is seeking alternative origins for the oilseed including Brazil.

India lawmaker dresses as Hitler to criticize prime minister .
An Indian lawmaker has appeared in Parliament dressed like Adolf Hitler with a toothbrush moustache and wearing a khaki coat with swastika symbols on his pocket and arm.&nbsp;An Indian lawmaker has appeared in Parliament dressed like Adolf Hitler with a toothbrush moustache and wearing a khaki coat with swastika symbols on his pocket and arm. His demand: More funds for the development of his state in southern India.

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