In India, The Economic Times reported that the United States could cut tariffs on Indian imports to 15-16% from 50%, with the deal likely to hinge on energy and agriculture.
The report noted that Corn and soybeans have figured prominently in the negotiations, with the United States eager to sell these two agricultural products to India.
India has increasingly turned to corn to boost ethanol output, but its rules bar ethanol made from imported grains and prohibit genetically modified (GM) food crops. The United States mostly grows GM corn, though some U.S. farmers also produce non-GM varieties, the report added.
The report also highlighted that the United States is pressing India to allow corn imports, arguing that ethanol made from U.S. corn would be used solely for blending with gasoline and not enter Indian agriculture.
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Category: Food & Agriculture
