India and the
United States have announced the settlement of their World Trade Organisation
(WTO) poultry dispute. New Delhi in turn has agreed to reduce tariffs on a
range of American products. They include the frozen turkey, frozen duck and
fresh, frozen, dried and processed blueberries and cranberries.
This was announced in a joint statement
issued after a bilateral meeting between Prime Minister Narendra
Modi and President Joe Biden.
“The leaders lauded the settlement of the
seventh and last outstanding World Trade Organisation (WTO) dispute between
India and the United States. This follows the unprecedented settlement of six
outstanding bilateral trade disputes in the WTO in June 2023,” the statement
said.
US Trade
Representative Katherine Tai too announced the resolution of the outstanding
WTO poultry dispute with India in a separate statement.
“As part of
the agreement, India also agreed to reduce tariffs on certain U.S. products,
including frozen turkey, frozen duck, fresh blueberries and cranberries, frozen
blueberries and cranberries, dried blueberries and cranberries, and processed
blueberries and cranberries. These tariff cuts will expand economic opportunities
for U.S. agricultural producers in a critical market and help bring more U.S.
products to customers in India,” said a statement issued by the Office of the
United States Trade Representative.“In August, Ambassador Tai met with India’s
Minister of Commerce and Industry, PiyushGoyal,
following the G20 Trade and Investment Ministers’ Meeting. During that meeting,
Ambassador Tai and Minister Goyal discussed this WTO dispute and expressed
their shared desire to reach a solution soon,” the statement said.
“Resolving this last outstanding WTO dispute represents
an important milestone in the U.S.-India trade relationship, while reducing
tariffs on certain U.S. products enhances crucial market access for American
agricultural producers,” the statement said.