India to grant import duty concessions on select US agricultural products ...Middle East

Business Standard - Economy
India has agreed to provide import duty concessions to certain US agricultural products such as dried distillers' grains (DDGs), red sorghum and apples for animal feed. According to a joint statement, India and the US have agreed on a framework for the first phase of the bilateral trade agreement, which is expected to be signed by mid-March. Commerce Minister Piyush Goyal told reporters that India will provide quota-based tariff concessions on US agricultural products such as DDGs, soybean oil, apples, long staple cotton and soybean oil. "We have opened our markets for the US in a calibrated manner on some products like Distiller's Dried Grains with Solubles (DDGS), wines and spirits in which we have kept a minimum import price also," Goyal said. When asked if DDG's have GM (genetically modified) soymeal, the minister assured that the environment ministry has prescribed processes on allowing the import of GM materials in India, which will be followed. According to the US Grains an

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