In Ukraine, UkrAgro Consult reported that US President Donald Trump said that he recently held talks with Indian Prime Minister Narendra Modi, the main topic of which was trade.
The report noted that Indian exports to the US are taxed with high tariffs – up to 50%, half of which are related to punitive measures for the purchase of Russian oil.
According to the report, the US may reduce tariffs on Indian goods to 15-16%, while the success of the negotiations will largely depend on agreements on energy and agriculture. The central topics of the negotiations were corn and soybeans. Washington seeks to expand exports of these crops to the Indian market.
India is increasingly using corn to produce bioethanol, but its legislation prohibits the use of imported grain and GM crops. At the same time, the United States mainly grows GMO corn, although some farmers also produce non-GM varieties, the report added.
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Category: Food & Agriculture
